Regulatory Alerts2021-06-10 | Ref: 34/01/025/0038/003Added · Updated
Addendum 3 - Circular No. 02 of 2019 Establishment of a National Quick Response Code Standard for Local Payments
The Director of Payments and Settlements issued Addendum 3 to Circular No. 02 of 2019 to extend the reduced Merchant Discount Rate for LANKAQR transactions. This directive mandates that the maximum MDR charge remains at 0.5% for the period from July 1, 2021, to December 31, 2021. The extension applies to all licensed banks, financial companies, and mobile e-money operators subject to the original national QR code standard.
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