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. 15, a 0.4% merchant discount rate (MDR) will apply to specified Unified Payments Interface (UPI) merchant payments above 2,000 rupees (about $20).