Rediff.com’s IPO plans may get a fresh UPI tailwind as new MDR regime kicks in
New Delhi [India], September 17 (ANI): 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.
