#ZeroMDR collateral damages. Lets rename them all as "Upper class waiting hall"
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RT @ravihanda
Why have airport lounges started sucking so much?

5 years ago, they used to be cool places to sit and relax. Now they are extremely overcrowded and the quality of food is crappy as well.

I would not mind paying for better quality lounges.
https://twitter.com/ravihanda/status/1568222052758491146

On #Paytech gossip.

#eRUPI adds the channa in khaali cooker. @NPCI_NPCI is pricing #eVouchers and probably hiding under legalese that @nsitharaman Finance Act 2019 amendments on #ZeroMDR does't apply to #eRUPI
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RT @logic
Basically **Govt Payments mein se MDR Nikaal diye** and banks are saying #UPI is like *khaali cooker* gas par chadha diya https://twitter.com/artijourno/status/1305743688107057157
https://twitter.com/logic/status/1305807832072089600

Despite #ZeroMDR , #RuPay transactions start slipping https://www.financialexpress.com/industry/banking-finance/despite-zero-mdr-rupay-transactions-start-slipping/1930969/ via @FinancialXpress

Digital payments: Who cares about #MDR? #MDRWars #ZeroMDR https://www.indiatoday.in/magazine/up-front/story/20200309-digital-payments-who-cares-about-mdr-1650540-2020-02-28 via @indiatoday

Diff shows what #NPCI wanted to hide from public - Pricing of txns. https://draftable.com/compare/towfiPipAKEy

Its anyway irrelevant in context of #ZeroMDR now, but the fact, NPCI took efforts to hide pricing tells so much on #Openness.

E-payments industry counts the costs after #ZeroMDR jolt http://toi.in/1ZLhPa/a24gk via @timesofindia

Banks approve reduced fees for #UPI, #RuPay - Times of India #ZeroMDR

https://m.timesofindia.com/business/india-business/banks-approve-reduced-fees-for-upi-rupay/articleshow/73717522.cms

Banks push #NPCI to remove #UPI charges (specifically switching fees in #ZeroMDR era) http://toi.in/HuzvKZ65/a24gk via @TOIBusiness

The third and IMO *real* #ZeroMDR move that is in effect from 01.01.2020 is actually NEFT. Much has not been spoken about on this, but this has serious implications for industry. Together with 24x7 availability, NEFT can now pose serious challenge to #UPI P2P

The 2nd announcement was stopping the subsidy meant for small merchants for low value transactions. Incidentally, this circular incorrectly linked the CBDT circular to imply #ZeroMDR on the modes to everyone (as against to only 269SU entities) and cancelled it.

Secondly, since the #ZeroMDR applies only for these prescribed modes for these companies, they will not offer any special discount but instead get to profit extra, because banks now don't earn a revenue of these txns.

https://www.incometaxindia.gov.in/communications/circular/circular_32_2019.pdf - Link to notification.

269SU makes #ZeroMDR, but important to note its applicable only for large businesses and only for "prescribed modes"

Prescribed modes came via https://www.incometaxindia.gov.in/communications/notification/notification_105_2019.pdf

#CashlessConsumer Much has been talked about #ZeroMDR amidst lot of panic based misinformation, half truths.

1.1.2020 marked 3 significant changes to payment industry all of which have deep implications. #Thread