Apple Pay is a mobile payment and digital wallet service by Apple Inc. It allows the users to make payments in person at the store, in iOS apps, and …
RuPay is an Indian domestic card scheme conceived and launched by the National Payments Corporation of India (NPCI) on 26 March 2012. Read full story
merchant bears the overall loss and his discount is distributed between Acquiring Bank (Acquirer fees), Issuing Bank (Interchange Fees) and Payment Network (Network Fee).