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'Everything on record': Parliamentary Finance panel chief defends unanimous Standing Committee report amid UPI MDR rowBhartruhari Mahtab defended the finance committee's report on Demands for Grants. Congress MP Manish Tewari rejected claims of opposition s...- MDR charges on 5 key services: Railway tickets, mobile bills, fuel and moreSelect UPI merchant transactions will incur a Merchant Discount Rate. However, transactions under two thousand rupees will remain free for ...
- UPI fee issue raised at finance panel meet; crypto report in final stageA parliamentary committee convened to evaluate the fees associated with UPI transactions and explore revenue strategies. Opposition members...
- NITI Aayog VC defends UPI merchant fee, says businesses must be self-sustainableNITI Aayog defends the government's UPI transaction fee decision. Businesses must become sustainable without relying on government subsidie...
- FMCG distributors seek zero-MDR for UPI transactions; write to PMThe association urged the government to address the implications of calculating the merchant discount rate on gross payments and resulting ...
- UPI MDR kicks in October 15: RBI DG says merchant fee on payments above Rs 2,000 won’t trigger cash surgeIn a recent statement, RBI Deputy Governor Shirish Chandra Murmu clarified that adopting a Merchant Discount Rate won't necessarily encoura...
- Retailers push back against proposed 0.4% MDR on UPI transactions above Rs 2,000, warn of hit to thin marginsRetailers are strongly opposing a proposed merchant discount rate on UPI payments. This new charge will significantly impact their already ...
- FinMin allays fears of increase in cash transactions post UPI MDR levy: SourcesThe Finance Ministry anticipates no rise in cash transactions following the UPI MDR implementation. Only a small percentage of total UPI vo...
- Zero MDR charge: 7 UPI transactions where you don't need to pay any feeStarting from October 2026, a new Merchant Discount Rate framework will be introduced for specific UPI transactions. This framework is desi...
- MDR on UPI transactions faces PIL in Supreme CourtA Public Interest Litigation challenges the government's new UPI charges. These charges apply to merchant payments exceeding two thousand r...
- UPI MDR: 10 UPI transactions that will attract MDR charges; what’s the maximum you will payA new UPI framework will implement fees on certain merchant transactions while keeping person-to-person payments and transactions under two...
- UPI MDR explained for investors: How will new charges impact your mutual fund SIPs and stock investments?From October 15, MDR will apply to select UPI person-to-merchant payments above Rs 2,000, but not to all such transactions. UPI AutoPay and...
- UPI transactions above Rs 2,000 to attract 0.4% MDR; check key detailsNPCI will introduce a Merchant Discount Rate on select P2M UPI transactions starting October 15. Merchants will pay 0.4% on transactions ex...
- RBI backs MDR on large-value UPI transactions, says could help expand UPI acceptanceThe Reserve Bank of India supports Merchant Discount Rate on large UPI transactions. This move aims to ensure the long-term sustainability ...
- No question of rollback of 0.4% MDR charges on UPI transactions over Rs 2,000: Top govt officialA top official, when asked whether the government was considering to roll back the proposed Merchant Discount Rate charges on UPI transacti...
- UPI MDR a welcome move, will help support infra for growing digital payments: Mohandas PaiThe central government's decision regarding MDR and UPI is a welcome move that will help fund the infrastructure needed to support rapidly ...
- UPI MDR could unlock Rs 22,000 crore revenue pool by FY28: BernsteinUPI could generate Rs 22,000 crore annually by FY28 through a modest merchant discount rate. Banks might receive Rs 14,000 crore and paymen...
- Stage being set for levying UPI transaction fee: Cong slams govtCongress criticizes the government's UPI transaction notification. The party claims this move sets a stage for future user fees. This notif...
- Merchant fee on UPI rolling out as transaction floor set at Rs 2,000India has exempted transactions up to ₹2,000 via UPI and RuPay debit cards from charges. This move allows for the reintroduction of merchan...
- RBI proposes 60-day temporary debit hold on suspicious money mule transactions: Key things you need to know about RBI’s KYC directionsThe Reserve Bank of India has announced proposed regulations concerning money mule accounts, allowing banks to implement temporary debit ho...
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