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

India's Finance Ministry rejects claims of US influence on UPI payment charges. The new framework prioritizes RuPay credit cards for UPI tr...

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

The Department of Financial Services (DFS) issued the clarification in response to observations in the US Trade Representative's (USTR) 202...

UPI Payment: UPI transactions of up to Rs 2,000 will continue to be free for users. A new Merchant Discount Rate (MDR) will be introduced f...

Starting from October 2026, a new Merchant Discount Rate framework will be introduced for specific UPI transactions. This framework is desi...

Effective October 15, UPI payments to merchants (P2M) above Rs 2,000 will attract a 0.4 per cent MDR with an overall cap of Rs 300. Besides...

A new UPI framework will implement fees on certain merchant transactions while keeping person-to-person payments and transactions under two...

Zerodha CEO Nithin Kamath said the new UPI MDR framework may not make economic sense for investing and broking, where customers can transfe...

India's finance ministry rejected claims of foreign pressure influencing UPI transaction charges. A 0.4% Merchant Discount Rate will apply ...

NPCI will introduce a Merchant Discount Rate on select P2M UPI transactions starting October 15. Merchants will pay 0.4% on transactions ex...

The Reserve Bank of India supports Merchant Discount Rate on large UPI transactions. This move aims to ensure the long-term sustainability ...

Zerodha founder Nithin Kamath has said the proposed Merchant Discount Rate (MDR) on UPI transactions could end free equity delivery trades,...

The National Payments Corporation of India, which operates the UPI network, said the revenue will support investment in infrastructure resi...

UPI Payment Charges Rules: Ordinary UPI users will not pay transaction fees for payments above Rs 2,000. Person-to-person UPI transactions ...

New UPI rules will introduce a 0.02% merchant discount rate for capital market transactions. This special rate applies to mutual funds and ...

Congress criticizes the government's UPI transaction notification. The party claims this move sets a stage for future user fees. This notif...