Phone retailers seek MDR and DBD fee waiver - Business News, Finance News, Share Market News - Market trendz

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Wednesday, 15 April 2020

Phone retailers seek MDR and DBD fee waiver

“We would appreciate it if the Finance Ministry could approach the RBI or the respective authorities to direct NBFCs and Banks to waive off DBD (dealer by down) and MDR (merchant discount rate) charges to retailers on paper finance and on digital transactions for at least 6 months post lockdown,” All India Mobile Retailers Association said in a letter to finance minister Nirmala Sitharaman.

from Tech-Economic Times
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