NASSCOM Fintech Policy Roundtable on MDR and Digital Payment Adoption | 17th January in Mumbai
Blog: NASSCOM Official Blog
Dear Members,
Over the last few days, major developments have taken place pertaining to the zero MDR announcement, such as:
- Businesses with turnover of more than ₹ 50 crore have to mandatorily provide facilities for accepting payments through electronic modes, such as, RuPay debit cards, UPI and UPI QR codes.
- Section 10A of the Payment, and Settlement Systems Act 2007 when read in conjunction with Section 269SU of the Income-tax Act, 1961, alludes that no bank or system provider shall impose any charge on a payer making payment, or a beneficiary receiving payment, through RuPay debit cards, UPI and UPI QR codes.
- The MDR reimbursement schemes by MeitY stands closed.
We are organizing a roundtable to understand the impact of these policy changes on different stakeholders. Based on the discussions at this roundtable, we will finalize our representation to the government on this issue.
Date : 17 January 2020 (Friday)
Time: 11 AM to 1 PM (followed by lunch)
Venue: MUMBAI (Andheri/BKC TBD)
Please RSVP here by 14th January (Tuesday) to confirm your attendance. Please feel free to contact komal@nasscom.in in case of any further clarification.
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