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ZERODHA UPI CHARGES
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...
- Mutual funds, stocks UPI payments to attract 0.02% MDR under new NPCI frameworkNew UPI rules will introduce a 0.02% merchant discount rate for capital market transactions. This special rate applies to mutual funds and ...
- Google Cloud’s big India AI bet; Swiggy crosses key ownership thresholdGoogle Cloud is supercharging its India bet with a local AI play and a potential manufacturing push. This and more in today’s ETtech Mornin...
- Nithin Kamath says Robinhood makes Rs 1,300 crore from just instant withdrawals, calls US banking system 'broken'Zerodha’s Nithin Kamath compared India’s UPI-led payments ecosystem with the US, noting Robinhood earns Rs 1,300 crore yearly from instant ...
- Infra.Market IPO; RBI Guv on UPI chargesInfra.Market has filed the draft papers for a public market listing. This and more in today's ETtech Top 5.
- Groww FY25 profit triples; Qcomm growth beyond metrosHappy Friday! IPO-bound fintech major Groww has reported a three-fold jump in its net profit for FY25. This and more in today’s ETtech Morn...
- India powers Apple supply; Zerodha’s trading slumpApple’s India manufacturers are shipping components for MacBooks and AirPods to China and Vietnam. This and more in today’s ETtech Top 5.
- Payment firms’ budget grouse; Nithin Kamath on the budgetThe cut in budgetary allocation to incentivise digital payments has come as a dampener for payment startups. This and more in today's ETtec...
- Cards vs UPI; Byju’s advisory council dissolvedHappy Monday! UPI's ease of use is driving a shift to cashless payments, leaving debit cards behind. This and more in today’s ETtech Mornin...
- Old guard is out as Tata Digital’s new CEO revamps deckTata Digital undergoes significant senior management changes under CEO Naveen Tahilyani, impacting the team behind Tata Neu superapp. Sever...
- NPCI’s nudge to new UPI players; govt’s Nvidia dealHappy Wednesday! The National Payments Corporation of India (NPCI) is pushing new payments apps on UPI to drive more incentives to consumer...
- How fintechs got their fingers in every pie; and other top tech, startup stories this weekOn Wednesday, ET wrote about how fintechs were adding more than 42% of the new investors in mutual funds every month. And this is not uniqu...
- 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 ...
- Linking cards with UPI poses challenges; govt to meet VPN firms today & e-commerce sales are backOn Wednesday, when the Reserve Bank of India announced that users of the Unified Payments Interface would soon be able to link their credit...
- Google, Apple payment monopolies under threat; Tata postpones 'super app'Many top Indian digital firms are gearing up to petition the government to draw up rules to prevent Google and Apple from insisting on the ...
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