New Delhi: Rediff.com's upcoming initial public offering (IPO) may find additional monetisation avenues as a result of the government's decision to levy a Merchant Discount Rate (MDR) of 0.4% on select high-value UPI merchant transactions, market analysts said after the new regime was announced on Tuesday.
The framework, which comes into effect from October 15, discontinues a zero-MDR for large-ticket merchant UPI payments as the government moves to a tiered pricing model. P2P transfers and merchant payments worth up to Rs 2,000 continue to be free, the MDR is capped at Rs 300 for transactions of Rs 75,000 and above, and small merchants meeting specified criteria continue to be exempt.
