SBI missed digital payments bus, now playing catch-up with YONO Pay: Chairman CS SettyState Bank of India chairman admits missing digital payments bus, while YONO app attempts to catch up. Banks and fintech firms argue UPI me...
08 Aug, 2026, 02.05 PM IST
Payments Council backs UPI merchant charges, says users, small businesses will remain exemptPCI said small merchants, including kirana stores, should not be charged for accepting UPI payments. Any merchant service charge would be a...
07 Aug, 2026, 11.10 PM IST
PayGlocal to raise Rs 36.4 crore from Beenext at Rs 1,140 crore valuationThe company’s shareholders on July 25 approved the issue of 5,074 pre-series C compulsorily convertible preference shares at Rs 71,693.02 a...
07 Aug, 2026, 06.50 PM IST
UPI MDR explained: What potential charges above Rs 2,000 payments on Paytm, GPay & other apps mean for you and merchantsGovernment proposes changes to the Payment and Settlement Systems Act. This could allow a Merchant Discount Rate on select UPI transactions...
07 Aug, 2026, 04.15 PM IST
India must not rewrite its UPI policies under US pressure: GTRIIndia's UPI policies should not be altered due to United States pressure. A think tank advises defending competition and policy autonomy fo...
07 Aug, 2026, 04.13 PM IST
MDR on UPI will impact businesses, not users: FM Nirmala Sitharaman hits back at Congress' Jairam RameshSitharaman accused the opposition leader of "spreading a canard" and clarified that MDR "applies only on the merchants and not on the end u...
07 Aug, 2026, 09.03 AM IST
Impact of MDR’s return; KKR veterans to anchor new fundHappy Thursday! Competition in the payments space may change with merchant fees on UPI potentially making a comeback. This and more in toda...
06 Aug, 2026, 01.50 PM IST
UPI apps could chase big-ticket transactions as MDR return loomsThe UPI race has so far centred on acquiring consumers and monetising them by cross-selling loans, insurance and investments, as there has ...
06 Aug, 2026, 06.00 AM IST
CAIT backs nominal MDR on high-value UPI transactions if proposed, says await bill detailsThe Confederation of All India Traders will support a nominal Merchant Discount Rate on higher-value UPI transactions. This support is cont...
05 Aug, 2026, 07.23 PM IST
Government moves closer to restoring MDR on UPI merchant paymentsParliamentary amendments propose restoring merchant discount rates on UPI payments. This move aims to encourage digital transactions by all...
05 Aug, 2026, 12.52 AM IST
India paves way for return of merchant fees on digital paymentsIndia has laid the legal groundwork to reintroduce merchant fees on UPI payments through proposed amendments to the Payment and Settlement ...
04 Aug, 2026, 04.25 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
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
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
Sarvam raises $75 million; Ather trims losses in Q1AI startup Sarvam will raise $75 million as part of a larger funding round. This and more in today’s ETtech Top 5.
03 Aug, 2026, 08.34 PM IST
UPI MDR may return for large merchants: What it means for your digital paymentsIndia's government is considering a small Merchant Discount Rate for large UPI retailers. This potential change aims to create a sustainabl...
18 Jul, 2026, 09.44 AM IST