Under the framework effective October 15, regular merchant payments above Rs 2,000 will attract a 0.4% merchant discount rate (MDR), capped...

Tax issues Levy of goods & services tax on MDR can be taken up by GST Council, ITC may be used by merchants.

The government is in negotiations with payment aggregators over new UPI transaction fees, ensuring that these charges will not be imposed o...

The Finance Ministry anticipates no rise in cash transactions following the UPI MDR implementation. Only a small percentage of total UPI vo...

Officials clarified that there is no separate GST levied on MDR charges. While GST will apply to MDR on UPI transactions, businesses will b...

Manipal Payment & Identity Solutions made a weak stock market debut after its Rs 805-crore IPO was subscribed 1.26 times overall. The share...

As part of the deal, Generac issued a warrant to Amazon.com NV Investment Holdings to acquire up to 1.69 million shares of the generator ma...

A 40-basis-point MDR on UPI transactions could create a large revenue pool. Issuing banks and UPI apps will receive substantial portions of...

The Reserve Bank of India has clarified definitions for financial activity and core investment companies. This clarification follows the re...

Starting on October 15, banks and payment applications will begin earning revenue from select merchant UPI transactions. Transactions under...

While NPCI has not specified a threshold based on the size of a merchant’s turnover, it said in its announcement that vendors operating und...

The consumer watchdog found that Rapido used two practices classified as dark patterns - “confirm shaming” and “interface interference” - a...

This comes after a Monday notificationfrom the Department of Financial Services that narrowed the zero-charge mandate for UPI. The earlier ...

India's payments authority is discussing charges on large UPI transactions. This follows a recent change in law allowing fees on payments o...

Jio Payment Solutions has launched a new cross-border payment platform. This facility helps Indian exporters receive international payments...

With plans for a substantial expansion in India's digital payments sector, Adyen is actively recruiting more staff to address surging deman...

RNFI Services has received in-principle RBI authorisation to operate as a Payment Aggregator-Physical (PA-P), allowing it to expand into of...