In view of international transactions, the existing process through the app will be applicable for credit cards as well.
Zero Merchant Discount Rate (MDR) will be applicable for this category up to transaction amount less than and equal to ₹ 2,000. RBI has approved the linking of RuPay credit card with UPI. It will provide a seamless and digitally enabled credit card experience to the customers.
Customers will have more convenience with the ease of using their credit cards. The credit card can now be linked to the Virtual Payment Address (VPA) i.e. UPI ID. In this way direct and secure payment transactions can be done.
Merchant Discount Rate (MDR)
MDR is the cost paid by a merchant to a bank for accepting payments from its customers through credit or debit cards.
