Talking to PTI, Sitharaman said the decision was completely professional, and it was taken jointly by the National Payments Corporation of ...

In an effort to shield consumers from additional Merchant Discount Rate (MDR) charges, the finance ministry is set to consult with the Indi...

National Payments Corporation of India plans to introduce a 0.4% merchant discount rate for UPI transactions. This could help recover about...

The GST Council will meet on October 7 to discuss GST levy on UPI merchant fees exceeding Rs 2,000. The government has proposed a 0.4 perce...

Government sources clarified that the proposed merchant fee on UPI transactions above Rs 2,000 will not affect consumers. National Payments...

The concerns of fuel retailers centre on the impact of MDR on an industry where margins are relatively low, those cited above said. The gov...

Traders across Madhya Pradesh organized a 'No UPI Day' protest against the imposition of a 0.4% fee. The protest involved covering QR codes...

State Bank of India will start charging a merchant discount rate on UPI payments exceeding Rs 2,000 from October 15. The bank anticipates g...

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

Retail associations are voicing concerns that the proposed UPI charge will inevitably be transferred to consumers, either as new fees on bi...

Unified Payments Interface (UPI) enables convenient investment in mutual funds through instant payments and SIPs. Investors appreciate UPI ...

After the MDR charge announcement on certain merchant UPI transactions, many UPI users are thinking whether they should shift from the UPI ...

NPCI states GST on UPI Merchant Discount Rate is not a burden. Transactions under two thousand rupees have zero MDR and no GST. Over ninety...

Petrol pump UPI payments: Petrol pump dealers in Madhya Pradesh and Punjab will stop accepting UPI payments above Rs 2,000 from October 16,...

Petrol pump dealers in Punjab have warned of stopping UPI payments above Rs 2,000 if merchant discount rate or digital transaction charges ...

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

Select UPI merchant transactions will incur a Merchant Discount Rate. However, transactions under two thousand rupees will remain free for ...