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UPI AMENDMENT BILL
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...- Why UPI needs transaction feesA groundbreaking bill has been introduced that permits merchant discount rates on UPI transactions. This innovative change aims to enhance ...
- FM says MDR on UPI applies to merchants, not customers; fintechs, banks will invest more on securityFinance Minister Nirmala Sitharaman stated Merchant Discount Rate applies to merchants, not customers. This charge will support banks and f...
- Lok Sabha passes Bill enabling Centre to allow UPI charges, MDR on digital paymentsThe Lok Sabha approved amendments to the Payment and Settlement Systems Act. This change empowers the government to permit charges on digit...
- 'Is PM seeking to dilute UPI, open digital payments sector to US businesses': CongressCongress criticizes a new government bill concerning digital payments. The party alleges the bill could weaken UPI and favor American compa...
- 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...
- No decision yet on merchant discount rate on UPI dealsCentral bank governor Sanjay Malhotra stated it is premature to discuss UPI transaction charges. Discussions are ongoing regarding the paym...
- 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...
- UPI payments above Rs 2000 to attract MDR after debit, credit cards? Here’s what users need to know about the proposalWhile 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 ...
- 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...
- Taxation laws (Amendment) Bill to attract more foreign capital, provide policy certainty introduced in LSA groundbreaking bill has been introduced to boost foreign investment while fostering local manufacturing in India. By simplifying regulati...
- 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...
- 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...
- 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...
- Unexpected taxes: Are small merchants in India rejecting UPI due to GST overreach?Small merchants in India are rejecting UPI payments. They prefer cash due to GST concerns. The govt uses UPI data to levy GST. Merchants fe...
- RBI MPC meet: UPI Lite per transaction limit hiked to Rs 1,000; UPI Lite wallet limit hiked to Rs 5,000RBI MPC on UPI Limit: The UPI Lite per transaction limit has been hiked to Rs 1,000 from Rs 500. The UPI Lite wallet limit has hiked to Rs ...
- 3 new Rupay credit card rules: Now apply for EMIs, pay credit card bill, increase limit via UPI app; check detailsRupay credit card rules: The new features announced include EMI facility on the linked credit accounts on UPI app, Credit Account Bill Pavm...
- Annual budgetary support of Rs 2,500 cr needed to support cashless payments via BHIM-UPI: ReportObserving that consumers have to often pay convenience fee on payments made through digital mode, the report said, "RBI should refrain from...
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