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MDR FEE FOR UPI
One soundbox soon for all payment apps as NPCI readies platformNPCI is developing a unified, interoperable soundbox system for UPI transactions, aiming to eliminate the need for merchants to use multipl...- UPI processes 218.6 billion transactions till February in FY26; value at Rs 285 lakh croreJanuary recorded the highest volume with 21.7 billion transactions, followed by December and October with 21.6 billion and 20.7 billion tra...
- There’s no free digital lunch: Why India must rethink UPI’s zero-fee modelSmall merchants are facing unexplained fees on UPI transactions, linked to RuPay credit card MDR. While UPI was promoted as free, these cha...
- Paytm shares fall 10%: What is MDR and why fintech players want government to introduce it?Paytm shares declined following the Finance Ministry's denial of Merchant Discount Rate (MDR) on UPI transactions. This sparked investor co...
- Paytm shares crash 10% as Finance Ministry dismisses MDR speculationPaytm share price plummeted by 10% following the Finance Ministry's denial of impending MDR charges on UPI payments, a fee banks charge mer...
- UPI payments above Rs 3,000 may attract charges: ReportMerchant Discount Rate (MDR) is the fee charged by banks to merchants for providing digital payment services. Currently, RuPay debit cards ...
- Indian authorities keen to charge merchants fees to bolster homegrown payments network, sources sayIndia's payments authority, central bank, and industry are urging the government to allow a fee on digital payments to large merchants via ...
- Payments industry body urges PM Modi to introduce MDR on UPI for large merchants & RuPay debit cardsThe payments industry body has requested Prime Minister Narendra Modi to implement a Merchant Discount Rate (MDR) on UPI and RuPay debit ca...
- Payments body writes to PMO, seeks return of MDR on UPI for large merchants and RuPay debit cardsIn a letter written to the PMO earlier today, the Payments Council of India said that more than 90% of merchants are small, and hence will ...
- ETtech Explainer: Government mulls bringing back MDR on UPI, RuPay for large merchants—what does it mean?Here’s a close look at the MDR’s journey over the years and what its reintroduction will mean for large merchants, banks and payment servic...
- Google Pay starts convenience fee for these payments: Here's how much you have to pay for transactions nowGoogle Pay has started charging a convenience fee for utility bill payments, including electricity and gas, using credit and debit cards. T...
- View: Despite concerns over proposed fees, UPI’s sustainability depends on fair merchant chargesThe National Payments Corporation of India (NPCI) will implement new merchant fees for UPI transactions above ₹2,000 starting October 16. T...
- Will your UPI credit line payments become costly as NPCI introduces merchant charges?NPCI charges for credit line on UPI: The NPCI has released a circular to the banks regarding how charges will be levied on the pre-sanction...
- Amazon Pay India bats for fair MDR on UPI payments to small merchantsLaunching a report titled ‘How Urban India Pays’, CEO Vikas Bansal said the ecommerce major is focused on simplifying the customer journey ...
- UPI transaction fee debate resurfaces as PhonePe & Google Pay cash in on Paytm's fallThe dominance of PhonePe and Google Pay in the UPI market has sparked discussions about introducing fees on merchant transactions. Fintech ...
- 70% users say will stop using UPI if fees leviedAccording to a survey by Local Circles, 7 out of 10 UPI users would stop using the app if transaction fees were imposed. Fintech companies ...
- Banks, Fintech Firms Seek Return Of MDR On RuPay, UPI TransactionsBanks and digital payments providers have met with officials of the finance and information technology ministries, seeking a ‘flat, slab-ba...
- Private banks are quietly introducing customer charges on digital payments during lockdownBurdened with record volumes and Zero MDR banks such as HDFC Bank, Axis Bank, ICICI Bank and Kotak Mahindra Bank have all introduced differ...
- NPCI pings Prime Minister’s Office, government departments to bring back digital pay MDRMDR was a fee accrued by banks, generally levied from merchants processing the transactions. It was shared equally between the acquiring ba...
- E-payments industry counts the costs after zero MDR joltFrom the growth of UPI payments, it’s clear more users are embracing this instrument. But with a billion transactions a month being recorde...
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