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UPI IN INDIA
Finance Ministry rejects foreign influence claims over UPI MDR, says India's digital payments decisions are made independently- UPI charges from October 15: FAQs on who will pay 0.4% MDR and what consumers, small vendors & large merchants need to know
- UPI transactions above Rs 2,000 to attract 0.4% MDR; check key details
- Explainer -- India's UPI MDR shake-up: What changes and why it mattersIndia will soon introduce a merchant discount rate on UPI payments. This fee applies to transactions exceeding two thousand rupees with mer...16 Sep, 2026, 06.35 PM IST
- RBI backs MDR on large-value UPI transactions, says could help expand UPI acceptanceThe Reserve Bank of India supports Merchant Discount Rate on large UPI transactions. This move aims to ensure the long-term sustainability ...16 Sep, 2026, 06.35 PM IST
- UPI MDR seen as sustenance fee, not windfall; small merchants remain shieldedA new merchant discount rate will fund UPI's expanding infrastructure costs. Large value person-to-merchant transactions above two thousand...16 Sep, 2026, 06.34 PM IST
- UPI fee rollback ruled out: 0.4% MDR stays on big paymentsThe government will levy a 0.4% fee on UPI merchant payments exceeding two thousand rupees. This new charge will take effect from October f...16 Sep, 2026, 06.05 PM IST
- From UPI to cash? Retailers warn new MDR could hit small merchants ahead of festive seasonRetailers Association of India warns new UPI fees could reverse digital payment gains. Small merchants may shift transactions back to cash,...16 Sep, 2026, 05.25 PM IST
- 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...16 Sep, 2026, 01.42 PM IST
- UPI fee: Why govt is putting a price on big merchant paymentsThe National Payments Corporation of India, which operates the UPI network, said the revenue will support investment in infrastructure resi...16 Sep, 2026, 01.22 PM IST
- 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...16 Sep, 2026, 12.41 PM IST
- UPI charge is just tax collection: Ashneer Grover calls out government wanting to charge on payments above Rs 2,000 while banks are making crores in profitsBharatPe co-founder Ashneer Grover has questioned the rationale for introducing charges on certain UPI merchant transactions above Rs 2,000...16 Sep, 2026, 12.26 PM IST
- Yes Bank shares jump 4% as Citi, Morgan Stanley see lender as key beneficiary of new UPI charges. Earnings boost ahead?Yes Bank shares rose sharply on Wednesday after Citi and Morgan Stanley identified the lender as a key beneficiary of new MDR charges on se...16 Sep, 2026, 10.44 AM IST
- Paytm, MobiKwik, Pine Labs shares rally up to 6% after govt announces UPI fees above Rs 2,000. Why brokerages are bullishPaytm, MobiKwik and Pine Labs are likely to remain in focus after the government announced MDR on select UPI transactions above Rs 2,000. F...16 Sep, 2026, 09.27 AM IST
- NPCI announces MDR for UPI; merchant transactions above Rs 2,000 to attract 0.4% chargeWhile NPCI has not specified a threshold based on the size of a merchant’s turnover, it said in its announcement that vendors operating und...15 Sep, 2026, 11.32 PM IST
- No smartphone, no internet? PhonePe brings UPI to 220 million feature-phone usersAt the Global Fintech Fest 2026 in Mumbai, PhonePe announced UPI 123Pay support for its app on feature phones, taking the SMS-based, intern...15 Sep, 2026, 06.35 PM IST
- Amazon Now’s sales surge; govt’s stance on UPI chargesHappy Tuesday! Amazon's quick commerce arm is scaling fast, India head Samir Kumar told us. This and more in today’s ETtech Morning Dispatc...15 Sep, 2026, 06.24 PM IST
- Stage being set for levying UPI transaction fee: Cong slams govtCongress criticizes the government's UPI transaction notification. The party claims this move sets a stage for future user fees. This notif...15 Sep, 2026, 12.42 PM IST
- Merchant fee on UPI rolling out as transaction floor set at Rs 2,000India has exempted transactions up to ₹2,000 via UPI and RuPay debit cards from charges. This move allows for the reintroduction of merchan...15 Sep, 2026, 05.30 AM IST
- Banks cannot impose charges on UPI payments of up to Rs 2,000, govt saysThe government has announced no charges on UPI transactions up to Rs 2,000. RuPay debit card payments below this amount will also remain fr...14 Sep, 2026, 11.28 PM IST
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