PhonePe and Razorpay leaders affirmed UPI payments will stay free for consumers. They support sustainable revenue models for payment infras...

SBI chairman CS Setty said banks cannot separately quantify the operating costs linked to rising UPI volumes. As debate over merchant charg...

State Bank of India chairman admits missing digital payments bus, while YONO app attempts to catch up. Banks and fintech firms argue UPI me...

The Lok Sabha approved amendments to the Payment and Settlement Systems Act. This change empowers the government to permit charges on digit...

The Payments Council of India clarified UPI transactions will remain free for consumers. Small merchants, including kirana stores, will als...

PCI said small merchants, including kirana stores, should not be charged for accepting UPI payments. Any merchant service charge would be a...

Government proposes changes to the Payment and Settlement Systems Act. This could allow a Merchant Discount Rate on select UPI transactions...

India's UPI policies should not be altered due to United States pressure. A think tank advises defending competition and policy autonomy fo...

While there has been no official word from the government on this yet, it is learnt that the Centre could allow a levy of 0.25% to 0.4% as ...

Finance Minister Nirmala Sitharaman clarified merchant discount rates will not affect customers. She stated that merchants will bear any ch...

Sitharaman accused the opposition leader of "spreading a canard" and clarified that MDR "applies only on the merchants and not on the end u...

The UPI race has so far centred on acquiring consumers and monetising them by cross-selling loans, insurance and investments, as there has ...

Parliamentary amendments propose restoring merchant discount rates on UPI payments. This move aims to encourage digital transactions by all...

India has laid the legal groundwork to reintroduce merchant fees on UPI payments through proposed amendments to the Payment and Settlement ...

ET was the first to report on July 16 that the government is considering reintroducing MDR for UPI transactions undertaken by large merchan...

Proposed amendments to the Payment and Settlement Systems Act may bring back merchant discount rates. This move could help banks and fintec...

ET 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...