Government proposes changes to the Payment and Settlement Systems Act. This could allow a Merchant Discount Rate on select UPI transactions...

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

Central bank governor Sanjay Malhotra stated it is premature to discuss UPI transaction charges. Discussions are ongoing regarding the paym...

The Confederation of All India Traders will support a nominal Merchant Discount Rate on higher-value UPI transactions. This support is cont...

In a significant move, the Reserve Bank of India plans to establish uniform interest rate guidelines for all regulated entities. This initi...

While there has been no official word from the government on this yet, it is learnt that the Centre could allow a levy of 0.25% to 0.4% as ...

Parliamentary amendments propose restoring merchant discount rates on UPI payments. This move aims to encourage digital transactions by all...

India has laid the legal groundwork to reintroduce merchant fees on UPI payments through proposed amendments to the Payment and Settlement ...

India's payments law may soon allow merchant discount rates on specific UPI transactions. This change could create significant revenue for ...

ET was the first to report on July 16 that the government is considering reintroducing MDR for UPI transactions undertaken by large merchan...

Can merchants legally charge customers extra for credit card payments? The Reserve Bank of India regulates these payment systems and card a...

Proposed amendments to the Payment and Settlement Systems Act may bring back merchant discount rates. This move could help banks and fintec...

ET 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...

Indian banks are proposing payment app prompts to curb rising digital frauds. This aims to balance fraud prevention with maintaining digita...

UPI transactions reached a new high of Rs 29.9 lakh crore in July. The volume of these transactions also saw a significant increase during ...

Compared to July 2025, UPI transaction volumes rose 22% in July, while the transaction value increased 19% compared to a year ago. The July...

A proposal to introduce a merchant discount rate (MDR) on UPI transactions above ₹2,000 for businesses with annual turnover of ₹1-1.5 crore...