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UPI Vs Debit Vs Credit Card, Which Payment Method Costs Merchants The Most And Why?

UPI Vs Debit Vs Credit Card, Which Payment Method Costs Merchants The Most And Why?
Photo: Free Press Journal · view original

Mumbai: Merchants accepting certain UPI payments will face a new cost from October 15, but UPI is likely to remain cheaper than many card-based options. Under the National Payments Corporation of India framework, a Merchant Discount Rate of 0.4 percent will apply to eligible Person-to-Merchant UP...

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