Jefferies sees Paytm, Pine Labs gaining from proposal to levy MDR on UPI transactionsIndia's payments law may soon allow merchant discount rates on specific UPI transactions. This change could create significant revenue for ...
04 Aug, 2026, 12.09 PM IST
Payments bill revives hopes of MDR return on large-ticket UPI transactionsET was the first to report on July 16 that the government is considering reintroducing MDR for UPI transactions undertaken by large merchan...
04 Aug, 2026, 08.35 AM IST
FM Sitharaman to introduce Taxation and Other Laws (Amendment) Bill as Lok Sabha takes up key financial businessFinance Minister Nirmala Sitharaman will introduce the Taxation and Other Laws (Amendment) Bill, 2026, in the Lok Sabha. This legislation s...
04 Aug, 2026, 08.17 AM IST
Govt moves to allow MDR; Qcomm braces for festive rushHappy Tuesday! The government is proposing changes that could bring back merchant fees on select UPI transactions. This and more in today’s...
04 Aug, 2026, 07.56 AM IST
Reconfigured tax laws to help activate investments, boost manufacturing & foreign capitalThe government is set to introduce the Taxation and Other Laws (Amendment) Bill, 2026, extending tax incentives for electronics manufacturi...
04 Aug, 2026, 06.00 AM IST
Payment Bill rekindles MDR hopes for large-value UPIProposed amendments to the Payment and Settlement Systems Act may bring back merchant discount rates. This move could help banks and fintec...
04 Aug, 2026, 01.41 AM IST
Govt to move amendments to IT Act to pave way for levy of MDRET was the first to report on July 16 that the government could reintroduce MDR on UPI transactions for large merchants. This has been an i...
03 Aug, 2026, 08.53 PM IST
EbixCash World Money's perpetual RBI licence brings trade and family remittances within reach of millionsUnder RBI's revised FEMA framework, EbixCash World Money can now move trade payments up to ₹25 lakh and family maintenance remittances, ope...
03 Aug, 2026, 06.45 PM IST
New Tax Bill sweetens deal for electronics makers, global investorsThe Taxation and Other Laws Amendment Bill, 2026 proposes extending electronics tax incentives until 2041, easing rules for foreign investo...
03 Aug, 2026, 02.40 PM IST
Banks propose 'Yes-No' prompt for high-risk UPI transfers to curb digital payment fraudsIndian banks are proposing payment app prompts to curb rising digital frauds. This aims to balance fraud prevention with maintaining digita...
03 Aug, 2026, 12.34 AM IST
UPI hits record Rs 29.9 lakh crore in July, 23.66 billion transactionsUPI transactions reached a new high of Rs 29.9 lakh crore in July. The volume of these transactions also saw a significant increase during ...
01 Aug, 2026, 07.58 PM IST
UPI volumes hit record high in July, nears Rs 30 lakh croreCompared to July 2025, UPI transaction volumes rose 22% in July, while the transaction value increased 19% compared to a year ago. The July...
01 Aug, 2026, 02.36 PM IST
Maldives launches Favara-UPI payment service with IndiaMaldives has launched real-time fund transfers to India using UPI. This integration connects Maldives' Favara system with India's popular p...
31 Jul, 2026, 04.51 PM IST
Govt approves RBI's trials of ₹10, ₹20 polymer notes; no plan to replace paper currencyThe government has approved the Reserve Bank of India's proposal for polymer banknotes. One billion pieces each of ten and twenty rupee pol...
30 Jul, 2026, 06.58 PM IST
Apple says UK App Store proposal amounts to price regulationIn a submission to Britain's Competition and Markets Authority, the iPhone maker said proposed "steering" requirements would go beyond prom...
29 Jul, 2026, 09.37 PM IST
UPI now accepted for online Burj Khalifa bookings before Indians arrive in Dubai; first for UAE attractionIndian travellers can now book Burj Khalifa tickets online using UPI. This integration makes the Dubai attraction the first in the UAE to a...
29 Jul, 2026, 12.59 PM IST
No proposal for one-time waiver of loans of small, marginal farmers: MoS FinanceThe government has no current proposal for a one-time loan waiver for farmers. The Reserve Bank of India offers financial restructuring opt...
27 Jul, 2026, 07.38 PM IST