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UPI TRANSACTION FEES ABOVE RS 2000
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 ...15 Sep, 2026, 05.57 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 profitsAshneer Grover has called any charge on UPI transactions above Rs 2,000 plain tax collection, days after the government exempted only small...15 Sep, 2026, 04.18 PM IST
- UPI MDR could unlock Rs 22,000 crore revenue pool by FY28: BernsteinUPI could generate Rs 22,000 crore annually by FY28 through a modest merchant discount rate. Banks might receive Rs 14,000 crore and paymen...15 Sep, 2026, 04.01 PM IST
- Paytm will stay profitable even without MDR, government support: Vijay Shekhar SharmaHis comments come as the government moves towards allowing charges on a limited set of UPI transactions. On Monday, the government notified...15 Sep, 2026, 03.16 PM IST
- India consults banks, payment firms on fees for large UPI payments, sources sayIndia's payments authority is discussing charges on large UPI transactions. This follows a recent change in law allowing fees on payments o...15 Sep, 2026, 02.02 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
- 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...15 Sep, 2026, 12.07 PM IST
- UPI Charges Explained: Will you pay a fee for Rs 2,000+ UPI payments? Government clarifies what users need to knowUPI Payment Charges Rules: The government has clarified confusion over UPI payment charges, saying consumers will not have to pay a transac...15 Sep, 2026, 11.40 AM 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
- Coforge row deepens; MDR on UPI coming soonCoforge’s boardroom brouhaha has taken a new turn days after chairman Om Prakash Bhatt’s resignation. This and more in today’s ETtech Top 5.11 Sep, 2026, 08.01 PM IST
- UPI MDR notification likely to be out for businesses soon; banks may pocket bulk of 40 bps feeThe issuing bank would retain 40% of the fee, sources said. Third-party application providers such as PhonePe or Google Pay, and the acquir...11 Sep, 2026, 05.04 PM IST
- NPCI reports 12% slump in FY26 net profit to Rs 1,362 croreNPCI generates revenues primarily by operating digital payment infrastructures such as UPI, IMPS (Immediate Payment Service), AePS (Aadhaar...11 Sep, 2026, 03.31 PM IST
- MDR on UPI coming soon; India's new class of robot workersHappy Friday! With a fee on UPI set to come into the picture soon, issuing banks are poised to claim the biggest slice. This and more in to...11 Sep, 2026, 07.35 AM IST
- Zero-fee travel credit card: Unlimited airport lounge access, 10% rewards on UPI transactions – Is this new co-branded card for you?How about a card that not only offers airport privileges but also earns rewards on every eligible spend and UPI transaction, with zero fore...05 Sep, 2026, 12.07 PM IST
- Canara Bank ATM charges revised from September 1, 2026: Key changes about free transactions limit, insufficient balance fee and moreCanara Bank has revised certain automated teller machine (ATM) transaction charges with effect from September 1, 2026.Check latest ree ATM ...02 Sep, 2026, 10.24 AM IST
- UPI’s market share expands more at debit, credit cards’ expenseUPI now dominates India's digital merchant payments, capturing a significant market share. Credit and debit cards are steadily losing their...29 Aug, 2026, 11.44 PM IST
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