According to the Minister of Electronics, IT and Law and Justice Ravi Shankar Prasad, the government will reimburse the MDR on conducted via debit cards, UPI and Adahar-based transactions.
The decision was taken by the Union Cabinet in its meeting held on Friday.
"The government today has taken a very major decision to accelerate digital payments in the country -- MDR charges -- up on transactions worth Rs 2,000 shall now be reimbursed by the government to the merchants and the banks," Prasad said at a press conference after the Cabinet meeting.
(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)
About VDC
Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.