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UPI MDR ROLLOUT
Paytm shares crash 10%, wipe off Rs 10,970 crore from m-cap. More pain ahead?Paytm shares crashed on Wednesday after reports suggested a possible delay in the rollout of UPI MDR. Analysts said the stock faces immedia...- UPI MDR rollout may be deferred beyond festive season to Jan 1; shares fall: ReportUPI MDR rollout: A proposal is under consideration to delay the implementation of Merchant Discount Rates for Unified Payments Interface. T...
- Paytm, Mobikwik, Pine Labs shares crash up to 10%. What’s behind the sharp plunge?Paytm, Mobikwik and Pine Labs shares fall sharply as reports of a possible delay in UPI MDR implementation raise concerns over the fintech ...
- Did government order banks to stock ATMs ahead of UPI charges? Here’s what PIB saidA newspaper clipping claiming banks were told to increase ATM cash stocks ahead of UPI fees has circulated online, prompting a government f...
- MDR gives banks more fuel for UPI playPayment companies can build the customer interface, but a product cannot scale until issuing and acquiring banks connect their systems, tes...
- MDR rollout will be monitored to protect usersTax issues Levy of goods & services tax on MDR can be taken up by GST Council, ITC may be used by merchants.
- Congress criticises Modi government's policy after US passes Russia sanctions billIndia's Congress party criticised the Modi government's foreign policy as "appeasement" after the US House passed a bill authorising Presid...
- MDR on UPI not imposed due to external pressure, say govt sourcesOfficials clarified that there is no separate GST levied on MDR charges. While GST will apply to MDR on UPI transactions, businesses will b...
- UPI MDR rates likely within a week, October rollout in sightThis comes after a Monday notificationfrom the Department of Financial Services that narrowed the zero-charge mandate for UPI. The earlier ...
- Paytm to monetise in-house AI tools, sharpen wealth pushFounder and chief executive Vijay Shekhar Sharma said some AI products had already started generating a few lakh rupees in revenue. The com...
- Lenskart gets pre-IPO bump; Amazon’s q-comm entryAsset manager Fidelity has marked up Lenskart’s valuation to $6.1 billion as the eyewear retailer gears up an IPO. This and more in today’s...
- Flipkart‘s quick breather; Now hiring: AI leadersHappy Tuesday! Flipkart is going slow on the expansion of its quick commerce service to control costs. This and more in today’s ETtech Morn...
- We hope to cross the 100-million user mark on UPI over next 2 years: NPCI CEOWhile on one hand, NPCI is on mission mode to take India towards a less-cash society, on the other, it has to manage the multiple stakehold...
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