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SUPPLIER CHARGES FOR UPI
UPI MDR proposal: Street vendors may pass on charges to customers or switch to cash, ISB survey findsPayments by street vendors exceeding Rs 2,000 may incur charges under the proposed merchant discount rate framework. Many vendors may switc...- Over half of street vendors may cut UPI acceptance if 0.4% MDR is introduced: ISB studyMore than 67% of street vendors in India currently accept UPI payments for transactions. A proposed 0.4% merchant discount rate could lead ...
- UPI MDR: 0.4% charge raises questions over MSME margins, cash flows and digital creditIndustry representatives say merchant size, margins, and the nature of goods should determine the merchant discount rate (MDR), while finte...
- ETMarkets Smart Talk| How to find India’s next multibaggers? Pritam Deuskar explains his GIANTS frameworkTo achieve successful long-term investments, investors should target companies with a competitive edge. Pritam Deuskar introduces the GIANT...
- UPI's free lunch is over: Why the 0.4% MDR charge is fair, needed and overdueDigital payment charges are necessary for service efficiency and wider reach. Person-to-person and small transactions remain free from new ...
- FinMin allays fears of increase in cash transactions post UPI MDR levy: SourcesThe Finance Ministry anticipates no rise in cash transactions following the UPI MDR implementation. Only a small percentage of total UPI vo...
- NITI seeks easier access to geological data, capital for small exploration companiesNiti Aayog recommends government support for junior exploration firms and increased private participation. Streamlining approvals and fores...
- UpGrad completes Unacademy acquisition; Ultrahuman’s $60 million raiseUpGrad has completed its acquisition of Unacademy, marking the close of a major consolidation in India’s edtech sector. This and more in to...
- Don't put a toll on UPI: Why merchant discount rate isn't the answerA proposal to introduce a merchant discount rate (MDR) on UPI transactions above ₹2,000 for businesses with annual turnover of ₹1-1.5 crore...
- India powers Apple supply; Zerodha’s trading slumpApple’s India manufacturers are shipping components for MacBooks and AirPods to China and Vietnam. This and more in today’s ETtech Top 5.
- BigBasket must deliver quick; Tesla eyes land in IndiaHappy Wednesday! The quick commerce sector is racing ahead, and the Tata Group is wary of getting left behind. This and more in today’s ETt...
- RML Hospital doctor-company nexus case: How CBI found out what was going onA number of doctors, hospital staffers and medical goods supplier have been nabbed in the case, and several companies have come under the C...
- NPCI’s nudge to new UPI players; govt’s Nvidia dealHappy Wednesday! The National Payments Corporation of India (NPCI) is pushing new payments apps on UPI to drive more incentives to consumer...
- '83% consumers not happy with convenience fees they pay online'Around 83% of consumers disapprove of paying convenience fees on online platforms, according to a survey by LocalCircles. The survey found ...
- 83% consumers not happy with convenience fees they pay online: SurveyAccording to the survey, some consumers also cited the example of UPI payments where no charges are being levied.
- 7 latest highly deceptive online scams; how to identify them and protect your moneyOnline scam and how to protect yourself: If you are not aware of their latest methods and tricks, you can easily fall into their trap, resu...
- Early-stage VC fund Antler India launches ONDC-focused platform for founders with FIDE, Nandan NilekaniThe platform is also offering “pre-team” and “pre-idea” founders the opportunity to work with operators and network participants such as Na...
- Latest Flipkart financials; SBI puts $20M in Pine LabsTwo key units of Flipkart's India business reported strong revenue growth in FY21, according to regulatory filings sourced from Tofler.
- HDFC Bank aims 10-fold growth in merchant segment in 3 years to 20 millionThe merchant relationships accrue in fees as the services are charged, in interest income for the lending and also in low-cost current and ...
- Paytm presses the refresh button to take on its rivalsThe payments app has brought in bank-to-bank transaction option among multiple payment methods.
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