While QR code-based payments will attract MDR of 0.30% with the maximum fee capped at Rs 200. “I don’t see any specific exemption given to the government transactions which is a positive move.”In December last year, the RBI had capped MDR rates to give a fillip to digital transactions post demonetization. MDR was capped at 0.25% for transactions up to Rs 1,000 and at 0.5% for transactions above Rs 1,000 and up to Rs 2,000. For transactions above Rs 2000, the MDR was capped at 1%. The data also showed that while 545 crore card transactions were undertaken at the end of 2017 its value stood at Rs 742 crore.

Source: Economic Times December 06, 2017 13:52 UTC