Low transaction charges don’t promote digital payments: Mastercard CEO Ajay Banga

“Wherever in the world MDR has been reduced to the levels where it makes it uneconomical for the acquirer or issuer to participate in the natural business of electronic payments, you tend to lose the momentum. It’s a balancing act,” he said in a telephonic interview.

from Wealth-Economic Times https://economictimes.indiatimes.com/wealth/personal-finance-news/low-transaction-charges-dont-promote-digital-payments-mastercard-ceo-ajay-banga/articleshow/74377139.cms