‘To strengthen UPI’s long-term sustainability’: RBI backs 0.4% MDR on transactions above Rs 2,000

Recent Views 6 The RBI said the move would help UPI “continue to scale, innovate and serve consumers.” NEW DELHI: The Reserve Bank of India has backed the introduction of a Merchant Discount Rate (MDR) on large-value UPI transactions, saying the move would help strengthen the long-term sustainability of India’s digital payments ecosystem.The National Payments…

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‘Even KP couldn’t come close’: Ben Stokes makes huge Harry Brook-Kevin Pietersen comparison | Cricket News

Recent Views 7 England skipper Harry Brook Ben Stokes has heaped praise on Harry Brook after the England white-ball captain produced another breathtaking T20I innings against Sri Lanka, even suggesting that the young batter’s talent surpasses that of Kevin Pietersen.Brook smashed an unbeaten 114 off just 49 balls in the first T20I in Southampton, striking…

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Top banks to get lion’s share of UPI fees

Recent Views 7 Mumbai: Banks with the largest number of bank accounts will be the biggest gainers as they will receive the lion’s share of the fees. While third-party payment apps will receive a smaller share, the MDR will make the biggest difference to them as their business model suddenly becomes sustainable without having to…

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