Qatar Post, in partnership with India Post, has launched PosTransfer, a new remittance service aimed at simplifying money transfers. This s...

A parliamentary committee suggests a self-reliant revenue model for UPI's financial sustainability. Amendments to the Payment and Settlemen...

PayU India CEO Anirban Mukherjee said the fee should not depend on whether a payment is made online or at a store. Reaching physical mercha...

PayU India CEO Anirban Mukherjee has backed a simple pricing model for UPI charges. This and more in today's ETtech Top 5.

Standard UPI transfers for individuals will remain complimentary, ensuring users can continue making everyday payments without worry. While...

The finance ministry said any future MDR on UPI will be nominal and limited to merchant transactions above a specified threshold, while con...

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

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

The Payment and Settlement Systems Amendment Bill has revived debate over MDR on UPI. While charges could support banks and fintech firms, ...

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...

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...

A groundbreaking bill has been introduced that permits merchant discount rates on UPI transactions. This innovative change aims to enhance ...

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

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...