UPI MDR rollout deferred until after DiwaliUPI MDR charges on eligible merchant transactions above Rs 2,000 have been deferred until after Diwali, with the exact implementation date ...
UPI fee could recover up to Rs 15,000 crore annually while keeping most transactions freeNational Payments Corporation of India plans to introduce a 0.4% merchant discount rate for UPI transactions. This could help recover about...
Proposed 0.4% UPI merchant fee will not be passed to consumers: ReportGovernment sources clarified that the proposed merchant fee on UPI transactions above Rs 2,000 will not affect consumers. National Payments...
Proposed 0.4% UPI MDR could recover Rs 15,000 crore in first year: NPCI chiefGold may have pushed silver into the spotlight, but the shift is not just about price. Younger Indians, in particular, are looking at silve...
NPCI announces MDR for UPI; merchant transactions above Rs 2,000 to attract 0.4% chargeWhile NPCI has not specified a threshold based on the size of a merchant’s turnover, it said in its announcement that vendors operating und...
UPI MDR rates likely within a week, October rollout in sightThis comes after a Monday notificationfrom the Department of Financial Services that narrowed the zero-charge mandate for UPI. The earlier ...
Indian diaspora could be UPI’s ticket to the global payments mapNPCI plans to expand UPI internationally by targeting countries with large Indian diaspora populations, with CEO Dilip Asbe saying it could...
India at the cusp of a digital payments revolution: NPCI head Dilip AsbeUPI has 450 million users, with approximately 200 million active daily users, according to the Managing Director and CEO of the National Pa...
Only 0.8% of UPI transactions face 'technical declines' now: NPCIDilip Asbe, NPCI's MD and CEO, reported a significant drop in UPI technical decline rates, now at 0.8%, down from 8-10% in 2016. With 400 m...
NPCI chief sets ambitious new target of 100 billion transactions per monthDilip Asbe's announcement comes amid a sharp uptick of over 36% in UPI transactions to Rs 60 lakh crore in the first three months of the cu...
Credit on UPI touched ₹10,000 crore, says NPCI CEO Dilip AsbeCredit card transactions through UPI have hit Rs. 10,000 crore, with Rs. 100-200 crore spent via credit lines, according to NPCI. ICICI Ban...
Whatever is not written in regulation, means a ‘No’: NPCI chief Dilip AsbeNPCI chief Dilip Asbe emphasized the importance of compliance for long-term success in the fintech space. He discussed recent regulatory ac...
UPI wouldn’t be possible if NPCI were not in Mumbai, says Dilip AsbeTalking about regulations, Asbe acknowledged RBI's guidance in creating responsible regulations around tech innovation to make the platform...
India has potential to clock 100 billion UPI transactions a month: NPCI CEO Dilip AsbeDilip Asbe, chief executive officer and managing director of NPCI, said there are 350 million UPI users at present and pegged the growth op...
There has to be a governance layer if you operate in financial services sector: NPCI chief Dilip AsbeThe NPCI chief, who was in conversation with Pine Labs chief executive Amrish Rau, said currently there is still room for digital payments ...
NPCI appoints Dilip Asbe as its new Chief executive officerAsbe, who has previously worked with Euronet and Prizm Payments had joined NPCI way back in January 2010 as its first employee and as a chi...
Dilip Asbe is appointed as the acting chief executive of NPCI, after A.P. Hota retiresDilip Asbe, had joined NPCI as its first employee in 2010 as its chief technology officer and was elevated to the position of the chief ope...