The MCC loophole: How it grew into a Rs 3,000 crore problem
The story behind ICICI Bank's interchange recovery effort starts with merchant category codes and the economics they shape.
Explore the latest news, in-depth reports, and executive analysis tagged with #Mcc.
The story behind ICICI Bank's interchange recovery effort starts with merchant category codes and the economics they shape.
Some payment aggregator companies have faced penalties by card networks for misclassifying merchants under the utility merchant category codes.
The RBI has directed payment aggregators to stop the misuse of education merchant category codes (MCC)...
This move reflects broader industry trends, as tech companies compete to build advanced cloud systems capable of supporting generative AI technologies.
A quick update on Visa’s move to discontinue the special pricing for utilities; and why TPG's JV with TCS to build AI data centres is not a mere coincidence.
NPCI has, for the first time, broken down UPI numbers by merchant category.