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UPI MDR EXPLAINED
UPI MDR explained: What potential charges above Rs 2,000 payments on Paytm, GPay & other apps mean for you and merchantsUPI MDR: Government proposes changes to the Payment and Settlement Systems Act. This could allow a Merchant Discount Rate on select UPI tra...- 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...
- UPI fees explained: Why the government plans to revive MDR and who will payThe central government is considering reintroducing a merchant discount rate on UPI transactions. This levy would apply only to large merch...
- 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...
- Can a shop charge you extra for paying by credit card? Here's what every card user should knowCan merchants legally charge customers extra for credit card payments? The Reserve Bank of India regulates these payment systems and card a...
- 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...
- Exclusive: UPI merchant fee likely to be set at 5-7 basis points: sourcesThe move would mark a significant shift in India’s digital payments policy, six years after the government made UPI and RuPay debit card tr...
- Exclusive: Govt may bring back UPI merchant fee for big businessesIndia may reintroduce merchant discount rates for large businesses on UPI transactions. This move aims to address the financial sustainabil...
- Wipro’s muted quarter; UPI’s merchant fee revivalWipro posted flat first-quarter profit despite higher revenues. This and more in today's ETtech Top 5.
- MDR on UPI on the cards; Emergent enters unicorn clubThe government is mulling restoring MDR on UPI transactions for large merchants. This and more in today’s ETtech Morning Dispatch.
- One soundbox soon for all payment apps as NPCI readies platformNPCI is developing a unified, interoperable soundbox system for UPI transactions, aiming to eliminate the need for merchants to use multipl...
- As credit cards gain traction on UPI, merchants grapple with new chargesDeductions from settlement accounts are causing confusion, better awareness about charges is needed, say industry executives. Merchants rep...
- Subsidy outlay of Rs 437 crore for UPI, RuPay transactions may be revised upward: SBI economistsSBI economists say the Rs 437 crore subsidy for UPI and RuPay in FY26 may be increased, as UPI participants face costs up to Rs 5,000 crore...
- UPI payments above Rs 3,000 may attract charges: ReportMerchant Discount Rate (MDR) is the fee charged by banks to merchants for providing digital payment services. Currently, RuPay debit cards ...
- Slow start: Why UPI Lite, wallet-based payments are yet to take off?New payment features like UPI Lite, UPI Circle, and wallet-based UPI payments are yet to gain traction as zero-MDR policy hampers fintech i...
- PCI’s MDR plea; India’s AI startups, acceleratedHappy Tuesday! The Payments Council of India has urged the PMO to reinstate the merchant discount rate (MDR) on UPI and RuPay debit card pa...
- Industry expects around Rs 600 crore loss as government nixes RuPay subsidyThe digital payments industry faces a Rs 500-600 crore loss as the government withdraws RuPay debit card subsidies. Fintech firms seek MDR ...
- To ease financial squeeze, fintechs mull seeking MDR restoration or higher subsidyThis comes in the background of the government allocating Rs 1,500 crore towards payment subsidy, while the industry was looking for Rs 5,5...
- Now hiring: AI trust roles; Tough road ahead for TeslaLarge Indian tech companies are rapidly hiring for jobs focused on AI safety and trust. This and more in today’s ETtech Top 5.
- UPI-RuPay credit card: You can leave it home but still use it to pay at physical storesWith the introduction of adding RuPay credit card on BHIM UPI, customers (having UPI account on an app in their smartphone) can scan QR cod...
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