Government proposes changes to the Payment and Settlement Systems Act. This could allow a Merchant Discount Rate on select UPI transactions...

India's UPI policies should not be altered due to United States pressure. A think tank advises defending competition and policy autonomy fo...

While there has been no official word from the government on this yet, it is learnt that the Centre could allow a levy of 0.25% to 0.4% as ...

Sitharaman accused the opposition leader of "spreading a canard" and clarified that MDR "applies only on the merchants and not on the end u...

The Lok Sabha approved a bill promoting domestic electronics manufacturing and foreign investment. Foreign firms producing electronics loca...

The Lok Sabha approved amendments to the Payment and Settlement Systems Act. This change empowers the government to permit charges on digit...

Congress criticizes a new government bill concerning digital payments. The party alleges the bill could weaken UPI and favor American compa...

The Lok Sabha passed a bill to attract foreign investment and promote domestic manufacturing. This legislation aims to provide greater tax ...

The UPI race has so far centred on acquiring consumers and monetising them by cross-selling loans, insurance and investments, as there has ...

The Confederation of All India Traders will support a nominal Merchant Discount Rate on higher-value UPI transactions. This support is cont...

Parliamentary amendments propose restoring merchant discount rates on UPI payments. This move aims to encourage digital transactions by all...

India's payments law may soon allow merchant discount rates on specific UPI transactions. This change could create significant revenue for ...

ET was the first to report on July 16 that the government is considering reintroducing MDR for UPI transactions undertaken by large merchan...

Proposed amendments to the Payment and Settlement Systems Act may bring back merchant discount rates. This move could help banks and fintec...

ET was the first to report on July 16 that the government could reintroduce MDR on UPI transactions for large merchants. This has been an i...

The Taxation and Other Laws Amendment Bill, 2026 proposes extending electronics tax incentives until 2041, easing rules for foreign investo...

UPI transactions reached a new high of Rs 29.9 lakh crore in July. The volume of these transactions also saw a significant increase during ...