Withdrawal of zero MDR may jeopardise one of India’s most successful public policy innovationsThe Payment and Settlement Systems Amendment Bill has revived debate over MDR on UPI. While charges could support banks and fintech firms, ...
07 Aug, 2026, 11.16 PM IST
Payments Council backs UPI merchant charges, says users, small businesses will remain exemptPCI said small merchants, including kirana stores, should not be charged for accepting UPI payments. Any merchant service charge would be a...
07 Aug, 2026, 11.10 PM IST
'Dubious claims': Congress' Jairam Ramesh hits back at Nirmala Sitharaman on taxation billJairam Ramesh countered Nirmala Sitharaman's claims regarding a new taxation bill. He stated government assurances do not replace statutory...
07 Aug, 2026, 04.16 PM IST
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...
07 Aug, 2026, 04.15 PM IST
Inside Beijing's mind: How China really sees IndiaThe relationship between India and China is strained by misinterpretations rooted in a tangled history and differing strategic aims. China ...
07 Aug, 2026, 10.18 AM IST
MDR on UPI will impact businesses, not users: FM Nirmala Sitharaman hits back at Congress' Jairam RameshSitharaman accused the opposition leader of "spreading a canard" and clarified that MDR "applies only on the merchants and not on the end u...
07 Aug, 2026, 09.03 AM 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
GetVantage secures Rs 63 cr in Series A1 round to scale Capital Gateway for MSMEsThe fresh injection is expected to unlock hundreds of crores in operational debt capital from GetVantage’s financial institution partners.
05 Aug, 2026, 11.11 AM 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
Mintoak acquires rewards fintech ICC Loyalty to expand bank platform in West Asia, AfricaBengaluru-based Mintoak has acquired Dubai's ICC Loyalty for consumer rewards technology. This acquisition was largely funded by Mintoak's ...
04 Aug, 2026, 01.03 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 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...
04 Aug, 2026, 07.56 AM IST
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...
04 Aug, 2026, 01.41 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
One MobiKwik Q1 Results: Firm reports profit for 3rd consecutive quarter; stock jumps 9% on strong performanceFintech firm MobiKwik reported a consolidated profit of Rs 7.6 crore for the April-June quarter. This marks a significant turnaround from a...
03 Aug, 2026, 02.14 PM IST
Pine Labs signs six lenders for AI underwriting tool; to launch expense cardsPine Labs is launching an AI underwriting tool and new employee benefit cards. The company is expanding its services beyond payment process...
29 Jul, 2026, 12.35 PM IST