According to reports, customers do not have to pay any transaction charges for payments up to Rs 2,000 made through debit cards, BHIM UPI or Aadhaar-enabled payments systems from January 1. Earlier, the Cabinet had approved a decision to absorb all forms of Merchant Discount Rate (MDR) for debit card transactions up to Rs 2,000, in an attempt to promote digital transactions.
Happy Digital 2018. Dec Qtr BHIM txn rise 86% to 145.6 M with value of 13174 Cr. Further impetus to Digital Payments, Govt 2 reimburse charges for txns upto Rs 2000 on debit cards/ BHIM. Zero charges on merchants. Go Digital, Embrace Transparency @PMOIndia @FinminIndia @PIB_India pic.twitter.com/5ai3G0IoTD
— Rajeev kumar (@rajeevkumr) January 1, 2018
