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UPI FEES INTRODUCTION
UPI transactions above Rs 2,000 to attract 0.4% MDR; check key detailsNPCI will introduce a Merchant Discount Rate on select P2M UPI transactions starting October 15. Merchants will pay 0.4% on transactions ex...- Paytm shares drop 3% after govt shields UPI payments only up to Rs 2,000 from charges. Should you buy the dip?Paytm shares fell after the government directed banks and payment providers not to charge for UPI transactions up to Rs 2,000, raising unce...
- Will UPI become chargeable? FM Niramala Sitharaman clears the airFinance Minister Nirmala Sitharaman clarified merchant discount rates will not affect customers. She stated that merchants will bear any ch...
- Why UPI needs transaction feesA groundbreaking bill has been introduced that permits merchant discount rates on UPI transactions. This innovative change aims to enhance ...
- CAIT backs nominal MDR on high-value UPI transactions if proposed, says await bill detailsThe Confederation of All India Traders will support a nominal Merchant Discount Rate on higher-value UPI transactions. This support is cont...
- India paves way for return of merchant fees on digital paymentsIndia has laid the legal groundwork to reintroduce merchant fees on UPI payments through proposed amendments to the Payment and Settlement ...
- 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...
- NPCI reports 42% jump in FY25 profit; revenue grows to Rs 3,270 croreNPCI generates revenue primarily by operating digital payment infrastructures such as UPI, IMPS (Immediate Payment Service), AePS (Aadhaar-...
- Big changes in HDFC Bank credit card charges from July 1: Wallet loading, utility fees, online gaming, and other key spending categories impactedHDFC Bank is set to revise its credit card transaction charges starting July 1, 2025, impacting online gaming, wallet loading, and utility ...
- 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...
- 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...
- 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...
- Google Pay now charges convenience fees on bill payments via credit, debit cardsGoogle Pay has started charging a convenience fee for bill payments made with credit and debit cards, with fees ranging from 0.5% to 1% of ...
- 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...
- What is UPI Credit Line and how UPI users can avail it?How UPI credit line works: The NPCI recently sent a circular to banks about the charges levied on the merchants accepting UPI credit line p...
- Banks don't need to levy charges on digital payments like UPI, IMPS, NEFT, RTGS: Here is whyCharges on UPI, IMPS, NEFT, RTGS payments: Banks are asking the government either to support them in maintaining the ecosystem for digital ...
- Paytm focuses on UPI Lite wallet for low-value transactionsPaytm promotes UPI Lite for small transactions, collaborating with top banks. The on-device wallet allows quick, PIN-free payments up to Rs...
- Amazon's plan for Indian satcom space; Food delivery market overcomes seasonal weaknessAmerican tech giant Amazon is looking to enter India's growing satellite communication space and has sought approval from the authorities.
- CRED launches UPI peer-to-peer (P2P) payments: Important featuresOn CRED, members can now choose from a variety of payment methods, including bill payments, scan-and-pay, tap-to-pay, UPI P2P, CRED Pay, an...
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