Blogs

Business

Free Instant Payments Still Need a Revenue Model

3 hours ago  - 

Free Instant Payments Still Need a Revenue Model

Instant payments may look free to the person tapping “send,” but somebody must pay to keep the money moving around the clock. News surrounding India’s instant payments framework shows some of the economics underpinning faster funds. Beginning Oct. 15, a 0.4% merchant discount rate (MDR) will apply to specified Unified Payments Interface (UPI) merchant payments […] The post Free Instant Payments Still Need a Revenue Model appeared first on PYMNTS.com.

Related Posts

Comment

PYMNTS

News Source

About the Author

The latest global news and analysis in payments, retail, fintech, financial services and the digital economy.

More from PYMNTS

View all articles →

Suggested Writers