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DIGITAL PAYMENTS IN INDIA
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...06 Aug, 2026, 08.34 AM IST- UPI apps could chase big-ticket transactions as MDR return loomsThe UPI race has so far centred on acquiring consumers and monetising them by cross-selling loans, insurance and investments, as there has ...06 Aug, 2026, 06.00 AM IST
- 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...05 Aug, 2026, 07.23 PM IST
- Internet subscribers cross 109 crore; 2.21 lakh Gram Panchayats made service-ready under BharatNet: GovtInternet subscribers have surpassed 109 crore, and over 2.21 lakh Gram Panchayats are now service-ready. Telephone connections also saw a s...05 Aug, 2026, 07.20 PM IST
- 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...05 Aug, 2026, 12.52 AM IST
- India's private consumption projected to reach $1.9 trillion by 2030: FICCI-Deloitte reportIndia's private consumption is projected to reach $1.9 trillion by 2030. This growth stems from rising incomes and rapid digital adoption. ...04 Aug, 2026, 08.54 PM IST
- India paves way for return of merchant fees on digital paymentsIndia has laid the legal groundwork to reintroduce merchant fees on UPI payments through proposed amendments to the Payment and Settlement ...04 Aug, 2026, 04.25 PM IST
- Govt tables tax amendment Bill with FII relief, electronics manufacturing pushThe Taxation and Other Laws (Amendment) Bill, 2026, was tabled, proposing significant changes to tax laws. Banks and payment providers will...04 Aug, 2026, 02.56 PM IST
- Jefferies sees Paytm, Pine Labs gaining from proposal to levy MDR on UPI transactionsIndia's payments law may soon allow merchant discount rates on specific UPI transactions. This change could create significant revenue for ...04 Aug, 2026, 12.09 PM IST
- 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...04 Aug, 2026, 08.35 AM IST
- 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...03 Aug, 2026, 08.53 PM IST
- EbixCash World Money's perpetual RBI licence brings trade and family remittances within reach of millionsUnder RBI's revised FEMA framework, EbixCash World Money can now move trade payments up to ₹25 lakh and family maintenance remittances, ope...03 Aug, 2026, 06.45 PM IST
- New Tax Bill sweetens deal for electronics makers, global investorsThe Taxation and Other Laws Amendment Bill, 2026 proposes extending electronics tax incentives until 2041, easing rules for foreign investo...03 Aug, 2026, 02.40 PM IST
- Banks propose 'Yes-No' prompt for high-risk UPI transfers to curb digital payment fraudsIndian banks are proposing payment app prompts to curb rising digital frauds. This aims to balance fraud prevention with maintaining digita...03 Aug, 2026, 12.34 AM IST
- UPI hits record Rs 29.9 lakh crore in July, 23.66 billion transactionsUPI transactions reached a new high of Rs 29.9 lakh crore in July. The volume of these transactions also saw a significant increase during ...01 Aug, 2026, 07.58 PM IST
- UPI volumes hit record high in July, nears Rs 30 lakh croreCompared to July 2025, UPI transaction volumes rose 22% in July, while the transaction value increased 19% compared to a year ago. The July...01 Aug, 2026, 02.36 PM IST
- Maldives launches Favara-UPI payment service with IndiaMaldives has launched real-time fund transfers to India using UPI. This integration connects Maldives' Favara system with India's popular p...31 Jul, 2026, 04.51 PM IST
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