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MDR ON UPI PAYMENTS
Mobikwik gets RBI nod for offline payment aggregator licenceMobikwik Systems secured RBI's in-principle nod for a Payment Aggregator-Physical license, paving the way for offline merchant payments. Th...- 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...
- Paytm shares climb 5% after Q4 results. Do Jefferies, Goldman Sachs and Bernstein see further upside?Paytm's parent company, One 97 Communications, reported a profit of Rs 184 crore for the fourth quarter. This led to a significant rally in...
- 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...
- UPI, RuPay subsidy shrinks to Rs 8,000 crore over four yearsThe digital payments industry has received about Rs 8,000 crore in subsidy payments over four years for UPI and RuPay debit card payments, ...
- Budget 2026: Payment facilitators may push for UPI subsidy hikeAs the government prepares for its next budget, payment system operators are calling for a decisive increase in subsidies for UPI merchant ...
- Centre's no MDR stance derails fintech's UPI monetisation plansThe Finance Ministry’s denial of plans to reintroduce MDR on UPI payments has dampened fintech firms’ monetisation hopes, leading to a drop...
- 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...
- No merchant discount rate on UPI transactionsThe finance ministry has firmly stated its commitment to promoting digital payments through UPI, clarifying that there will be no merchant ...
- UPI transactions to face charges? Finance Ministry issues clarificationThe Finance Ministry on Wednesday dismissed reports suggesting MDR charges on large UPI transactions, calling them false and misleading. Re...
- 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 ...
- UK-India FTA to benefit many sectors; FIIs returning to India & will maintain momentum: Sudip BandyopadhyayInditrade Capital's Group Chairman, Sudip Bandyopadhyay, highlights the UK-India FTA's potential benefits for various industries, overshado...
- 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...
- Government weighs return of merchant charges on UPI, RuPayCurrently, there is no merchant discount rate (MDR) on UPI and RuPay debit card transactions processed through the National Payments Corpor...
- 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 ...
- 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 ...
- Stop Discrimination Against RuPayThe government abolished MDR on transactions using RuPay debit cards and Unified Payments Interface (UPI) from January 1, 2020. But banks w...
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