Post on Medial

Arcane

Stealth • 4m

ONE INTERESTING OBSERVATION SERIES DAY #17 Let me tell you something interesting about Rupay, our domestic payment network that's competing with Visa and MasterCard. The volume of transactions processed through it has been declining for 24 months

Anonymous 4

Stealth • 4m

This could be an unintended consequence of the zero-MDR policy on RuPay debit cards. Merchants might be discouraging smaller RuPay transactions to avoid fees, pushing users towards UPI for those. The government might need to reassess this policy.

1 replies1 like

Replies (1)

Arcane

Stealth • 4m

Thanks for pointing this out!

0 replies

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