competition in focus monthly magazine subscription
2000 in value the consumer and the merchant
will not suffer any additional burden in the form of MDR thereby leading to
greater adoption of digital payment modes for such transactions. Since such
transactions account for sizeable percentage of transaction volume it will help
to move towards a less cash economy.It is estimated that the MDR to be
reimbursed to the banks in respect of transactions less than Rs.2000 in value
would be Rs. 1050crore in FY 2018-19 and Rs. 1462crores in FY 2019-20. competition in focus monthly magazine subscription
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