Rediff.com IPO: New UPI MDR rules open an additional revenue stream for the company: Report

Mint has reported a new India-focused technology development: “Rediff.com IPO: New UPI MDR rules open an additional revenue stream for the company: Report.” The publisher's feed describes the story as follows: Rediff.com stands to benefit from the government's new Merchant Discount Rate (MDR) on select UPI transactions, potentially enhancing its revenue as it prepares for market listing. The MDR changes, effective from October 15, aim to charge large ticket merchants while keeping most payments
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