Tag: cash transactions

ET logo
Posted in Economy

From UPI to cash? Retailers warn new MDR could hit small merchants ahead of festive season

New Delhi: The Retailers Association of India (RAI) on Wednesday said the government’s move to impose a 0.4 per cent Merchant Discount Rate (MDR) could…

Continue Reading
The QR code is the visual signature of Unified Payments Interface, or UPI, a platform that celebrated its tenth birthday on August 25th and which has revolutionised how money moves in India. (Unsplash)
Posted in Business

India’s payments system is ten. It must start paying for itself

IT SITS ATOP coconuts on Mumbai beach carts, alongside samosas in Delhi snack shops and among Navy Cuts at Kolkata cigarette stalls. It is displayed…

Continue Reading