Free Instant Payments Still Need a Revenue Model

T2Covered by 1 source · first reported by PYMNTS at 02 Oct, 16:04 UTC

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. Beginning Oct. 15, a 0.4% merchant discount rate (MDR) will apply…