(MENAFN- The Peninsula) QNA
Doha: Qatar Central Bank (QCB) has reduced and unified the Merchant Discount Rates (MDR), a move seeking to encourage using points of sales (POS) payment.
The MDR for micro companies and gas stations will be 0.5 percent, with a maximum of QR 50 when using debit cards, while it reaches 1.1 percent for other companies with a maximum of QR 110, QCB tweeted on Sunday.
Paying with the first prepaid national payment card (Himyan Card), the MDR for micro enterprises and gas stations will be 0.5 percent, with a maximum of QR 50, and 0.85 percent, with a maximum of QR 85 for other companies.
QCB set a 1.25-percent MDR for micro companies, and one-percent for gas stations when paying with the global visa credit card.
MENAFN21052023000063011010ID1106283137
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.