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CASH PAYMENTS
MP traders protest UPI MDR with ‘No UPI Day’, urge customers to pay cashTraders across Madhya Pradesh organized a 'No UPI Day' protest against the imposition of a 0.4% fee. The protest involved covering QR codes...- Government may do away with UPI subsidies as MDR revenue kicks inGovernment may end UPI subsidies for small transactions as merchant fees are introduced. Taxpayer-funded incentives for UPI and RuPay trans...
- 'Retailers likely to pass UPI MDR to consumers'Retail associations are voicing concerns that the proposed UPI charge will inevitably be transferred to consumers, either as new fees on bi...
- Did government order banks to stock ATMs ahead of UPI charges? Here’s what PIB saidA newspaper clipping claiming banks were told to increase ATM cash stocks ahead of UPI fees has circulated online, prompting a government f...
- As SMEs digitise and expand globally, foreign banks have a crucial role to play: DBS Bank India’s Divyesh DalalDBS Bank India is enhancing its support for SMEs with the launch of its new Collections Orchestration platform, aiming to streamline paymen...
- Big to get bigger: India's UPI fee shift to entrench dominant incumbentsPhonePe and Google Pay could earn about $900 million annually from India’s new UPI merchant fee regime by March 2028, according to Bernstei...
- UPI charges could reverse digital payments gains, push users back to cash, says ex-NITI VC Rajiv KumarFormer NITI Aayog vice-chairman Rajiv Kumar has urged the government to keep UPI merchant payments free for a few more years, warning that ...
- UPI vs credit cards - How India's payments system is boosting savings and benefitting multiple stakeholdersThe Anglo-Saxon economies of the US, United Kingdom and Australia show a reduction in household savings rates along with a growth in credit...
- PVR INOX asks to pay using UPI only; customer sends legal notice for refusing to accept cash paymentPVR INOX asked an Ahmedabad advocate to pay using UPI only and refused to accept his cash payments. He has sent a legal notice to PVR INOX ...
- 8 changes in income tax audit forms for AY 2026-2027; what taxpayers need to knowFor the assessment year 2026-2027, the deadline for income tax audits is set for September 30, 2026. Businesses utilizing presumptive taxat...
- Pass the buck to RBI, banks: Let the savings from digital payments fund UPI costs, not consumersThe RBI's MDR introduction on UPI transactions above ₹2,000 faces criticism. This move may discourage digital payments and encourage a retu...
- UPI MDR from October 15: Govt plans daily monitoring to stop merchants passing 0.4% fee to customersThe government is in negotiations with payment aggregators over new UPI transaction fees, ensuring that these charges will not be imposed o...
- MDR fears groundless, AI accountability lies with boards: RBI Dy Governor SC MurmuTackling industry anxieties head-on at the Bengal Chamber of Commerce & Industry's (BCC&I) Financial Market Conclave in Mumbai, Reserve Ban...
- UPI MDR kicks in October 15: RBI DG says merchant fee on payments above Rs 2,000 won’t trigger cash surgeIn a recent statement, RBI Deputy Governor Shirish Chandra Murmu clarified that adopting a Merchant Discount Rate won't necessarily encoura...
- MDR on UPI not imposed due to external pressure, say govt sourcesOfficials clarified that there is no separate GST levied on MDR charges. While GST will apply to MDR on UPI transactions, businesses will b...
- Delhi traders plan cash payments push to avoid fee on UPI paymentsTraders will now encourage cash payments to avoid new UPI transaction fees. A 0.4 percent charge applies to UPI transactions exceeding two ...
- Explainer -- India's UPI MDR shake-up: What changes and why it mattersIndia will soon introduce a merchant discount rate on UPI payments. This fee applies to transactions exceeding two thousand rupees with mer...
- From UPI to cash? Retailers warn new MDR could hit small merchants ahead of festive seasonRetailers Association of India warns new UPI fees could reverse digital payment gains. Small merchants may shift transactions back to cash,...
- Paytm wins, but ATM also wins! Why CMS Info Systems shares jumped 7% on UPI MDRCMS Info Systems shares rose on Wednesday after the government announced MDR on select UPI transactions above Rs 2,000, making the company ...
- Psychology says people who always keep a lot of cash in their wallets may be seeking more than financial securityPeople may carry cash for very different reasons. For some, it is a practical way to control spending; for others, it provides reassurance ...
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