Government to reimburse MDR upto Rs 2,000 to merchants, banks: Ravi Shankar Prasad

New Delhi, Dec 15 (ANI): The Union Cabinet on Friday approved various bills, which will benefit the growth of the country. Addressing the mediaperons in the national capital, Union Law and Justice Minister said to accelerate digital payments in the country, the government reimbursed Merchant Discount Rate (MDR) upon transaction worth Rs. 2,000 to the merchants and the banks. This decision will be a big relief for the small digital payment customers, Prasad added.

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