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UPI CHARGES ON BROKING
MDR on UPI does not make sense for broking and investment payments, say Nithin Kamath and Deepak ShenoyThe NPCI has unveiled a new merchant discount rate that introduces a 0.4% fee for UPI person-to-merchant transactions exceeding Rs 2000. Th...- Nithin Kamath says new UPI charges on investing, broking don’t make sense: 'I don't see how we can absorb this indefinitely'Zerodha CEO Nithin Kamath said the new UPI MDR framework may not make economic sense for investing and broking, where customers can transfe...
- UPI MDR explained for investors: How will new charges impact your mutual fund SIPs and stock investments?From October 15, MDR will apply to select UPI person-to-merchant payments above Rs 2,000, but not to all such transactions. UPI AutoPay and...
- Proposed UPI MDR structure doesn't make sense for broking, could raise costs: Nithin KamathThe proposed Merchant Discount Rate (MDR) on UPI transactions could create significant costs for stockbrokers even when customers do not ex...
- New charges on UPI payments: Here's what you will be charged for stock market investmentsUPI payments for capital market transactions will attract a nominal 0.02% Merchant Discount Rate, capped at Rs 300. The fee covers mutual f...
- India's 80th Independence Day: A look at protests in its 79-year journey till 'cockroaches' hit the streetsIndia's post-independence history showcases persistent dissent and public mobilisation. Students, farmers, and citizens have repeatedly cha...
- Paytm shares rally 4% in early trade despite weak Q2 show. Here are 3 reasons whyPaytm share price: Paytm shares saw a significant jump on Thursday. This surge followed its inclusion in the MSCI India Standard Index. The...
- Paytm karo or think twice: From 164% surge to 9% H1CY25 slide, will it be a comeback story in H2?After a remarkable 164% surge, Paytm shares faced a 9% dip in H1CY25, prompting varied expert opinions on its future. Despite regulatory hu...
- 'Cheating, but still filing fake rape case': Rippling cofounder Prasanna Sankar makes sensational allegation against wifePrasanna Sankar (Google Trends): Rippling co-founder accuses his wife of cheating and filing false cases during their divorce. He claims sh...
- NPCI tweaks UPI; Govt’s fintech committeeHappy Tuesday! NPCI is slowly phasing out the ‘Collect Payments’ feature on UPI payment. This and more in today’s ETtech Morning Dispatch w...
- End of UPI’s free run?; Zepto finetunes IPO strategyHappy Tuesday! The Union government is considering bringing back merchant charges on UPI transactions. This and more in today’s ETtech Morn...
- IPO-bound PhonePe set to hire Amit Doshi as CMORohan Misra, son of former SoftBank Vision Fund chief executive Rajeev Misra, is launching his own fund, Gravity Holdings. The London-based...
- Ambanis eyeing Paytm wallet? Jio Financial shares jump 13% on report saying soFintech major Paytm has been facing an existential crisis ever since the RBI barred the payment bank from accepting any deposits or credits...
- ASBA mechanism for secondary trade in equity bleakens prospects for discount brokersThe facility is based on blocking of funds for trading in the secondary market through UPI, and initially, the facility will be optional fo...
- Zerodha's Nithin Kamath on ASBA-like facility for secondary market"While the UPI block mechanism to allow trading with funds lying in the bank account is optional for brokers, the ability to collect fees f...
- Sebi move of upstreaming client funds likely to hurt non-bank brokersAccording to the regulator, the framework aims at giving benefits such as interest on the blocked funds in a client’s savings account till ...
- Can IRCTC stock recover after multi-fold jump in Q2 net?Our EPS CAGR of 34 per cent over FY22-FY24 factors in most positives viz; higher 2S volume delta, Rail Neer expansion and catering price hi...
- Banks now bank on fintech companies for more customersApart from increasing their customer bases and market shares, leveraging the tech innovation of startup partners has helped banks improve t...
- Banks vs mobile wallets: The slugfest beginsArmed with their own wallets and UPI, banks are aggressively pushing digital payments services and going head-to-head with mobile wallet pl...
- Demonetisation: From cash to less cash to cashlessET examines the prospects of a cashless world, the experience of other countries and more.
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