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BRIEF-India cenbank proposes merchant discount rate
February 16, 2017 / 3:01 PM / 7 months ago

BRIEF-India cenbank proposes merchant discount rate

Feb 16 (Reuters) -

* India cenbank proposes merchant discount rate cap of 0.30 percent at digital point of sale for small, special category merchants

* India cenbank proposes merchant discount rate cap of 0.40 percent at physical point of sale for small, special category merchants

* India cenbank proposes maximum merchant discount rate of 0.50 percent of deal value above 2001 rupees, with 250 rupee cap for government transactions

* India cenbank says revised merchant discount rate to be effective from April 1 Further company coverage: bit.ly/2lnqIVB (Reporting by Promit Mukherjee)

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