PhonePe and Razorpay leaders affirmed UPI payments will stay free for consumers. They support sustainable revenue models for payment infras...

SBI chairman CS Setty said banks cannot separately quantify the operating costs linked to rising UPI volumes. As debate over merchant charg...

The Lok Sabha approved amendments to the Payment and Settlement Systems Act. This change empowers the government to permit charges on digit...

The Payments Council of India clarified UPI transactions will remain free for consumers. Small merchants, including kirana stores, will als...

The Payment and Settlement Systems Amendment Bill has revived debate over MDR on UPI. While charges could support banks and fintech firms, ...

PCI said small merchants, including kirana stores, should not be charged for accepting UPI payments. Any merchant service charge would be a...

Jairam Ramesh countered Nirmala Sitharaman's claims regarding a new taxation bill. He stated government assurances do not replace statutory...

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

India's UPI policies should not be altered due to United States pressure. A think tank advises defending competition and policy autonomy fo...

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 ...

Digital transactions like UPI and NEFT can trigger income tax notices. These notices arise when transactions do not match your declared inc...

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

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

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

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

National Stock Exchange reported a seven percent profit rise for the June quarter. Higher transaction charges and strong operating margins ...

Axis Bank will increase the DCC fee on its credit cards to 3.5% from 1.5%, effective August 28, 2026, according to the bank's revised terms...