About: Merchant Discount Rate (MDR)
MDR is the cost paid by a merchant to a bank for accepting payment from their customers via digital means.
It is the sum total of all the charges and taxes that a digital payment entails and is expressed in percentage of the transaction amount.
About: Unified Payments Interface
Unified Payments Interface (UPI)
is an instant real-time payment system developed by National Payments Corporation of India facilitating inter-bank transactions.
The interface is regulated by the Reserve Bank of India and works by instantly transferring funds between two bank accounts on a mobile platform.
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