Zero MDR had a negative impact on payments ecosystem: RBI
Shortpedia
Content Team
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The Reserve Bank of India, which had set up a committee to study the use of Quick Response (QR) codes to process contactless transactions, is now placed for public comment. RBI constituted the Committee on December 23, 2019 under the Chairmanship of D.B. Phatak, Professor Emeritus, IIT-Bombay. The committee mainly setup for the adoption of QR Code payments, has discussed various aspects of the digital payment system.
