YES Bank rises after new MDR rules for UPI merchants
YES Bank shares gained close to 5% after MDR rules were introduced for select UPI merchant transactions.
Shares of YES Bank Ltd. gained close to 5% on Wednesday, September 16, after the introduction of a Merchant Discount Rate (MDR) on select Unified Payments Interface (UPI) merchant transactions, which is set to create a new revenue stream for banks and other participants in the digital payments ecos…