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Banking PAYMENTS

Merchant Discount Rate (MDR) – All You Need to Know

Have you ever heard the term MDR and confused as to what it is? Well! If yes, worry not, we are here to answer all your queries related to MDR or Merchant Discount Rate. Let’s start What is Merchant Discount Rate? Generally, it refers to the discount rate of a transaction. This equals to the entirety […]

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Banking PAYMENTS

UPI: All you need to know

What is UPI? Developed by the National Payments Corporation of India, UPI is an instant real-time payment system. Here, the payments can be made through an app on a mobile device only. The best thing is that you can transfer money 24×7! And that too without any charges! Due to its ease of use, it […]