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 ...

Finance Minister Nirmala Sitharaman clarified merchant discount rates will not affect customers. She stated that merchants will bear any ch...

A debate erupted over removing UPI's zero merchant discount rate guarantee. Finance Minister Nirmala Sitharaman stated any charges would af...

Sitharaman accused the opposition leader of "spreading a canard" and clarified that MDR "applies only on the merchants and not on the end u...

A groundbreaking bill has been introduced that permits merchant discount rates on UPI transactions. This innovative change aims to enhance ...

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

Congress criticizes a new government bill concerning digital payments. The party alleges the bill could weaken UPI and favor American compa...

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

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

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...

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...