SBP fixes merchant discount rate up to 2.5% on digital payments
KARACHI: State Bank of Pakistan (SBP) on Friday announced that Merchant Discount Rate (MDR) for Point of Sale (POS) acquiring Pakistan shall be within the range of 1.5%-2.5% for both existing and new merchants. The following merchant categories shall be exempt from this requirement: Government and Utilities MCC 9211: Court Costs, Including Alimony and Child […]
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