Government may end UPI subsidies for small transactions as merchant fees are introduced. Taxpayer-funded incentives for UPI and RuPay trans...

DBS Bank India is enhancing its support for SMEs with the launch of its new Collections Orchestration platform, aiming to streamline paymen...

A shift from corridor-led expansion to customer-centric design forms the core principle needed to drive the next stage of India's cross-bor...

NPCI will introduce a dedicated fund from MDR proceeds for small merchants. This fund aims to expand digital payment infrastructure in smal...

Digital payment charges are necessary for service efficiency and wider reach. Person-to-person and small transactions remain free from new ...

Tax issues Levy of goods & services tax on MDR can be taken up by GST Council, ITC may be used by merchants.

India's Finance Ministry rejects claims of US influence on UPI payment charges. The new framework prioritizes RuPay credit cards for UPI tr...

The Finance Ministry anticipates no rise in cash transactions following the UPI MDR implementation. Only a small percentage of total UPI vo...

The Department of Financial Services (DFS) issued the clarification in response to observations in the US Trade Representative's (USTR) 202...

BharatPe supports the new UPI merchant transaction framework. The company clarified co-founder Ashneer Grover's views are his own. This new...

A new UPI framework will implement fees on certain merchant transactions while keeping person-to-person payments and transactions under two...

The government will levy a 0.4% fee on UPI merchant payments exceeding two thousand rupees. This new charge will take effect from October f...

Effective October 15, UPI payments to merchants (P2M) above Rs 2,000 will attract a 0.4% merchant discount rate with an overall cap of Rs 3...

India's finance ministry rejected claims of foreign pressure influencing UPI transaction charges. A 0.4% Merchant Discount Rate will apply ...

The Reserve Bank of India supports Merchant Discount Rate on large UPI transactions. This move aims to ensure the long-term sustainability ...

A top official, when asked whether the government was considering to roll back the proposed Merchant Discount Rate charges on UPI transacti...

While NPCI has not specified a threshold based on the size of a merchant’s turnover, it said in its announcement that vendors operating und...