Searched for
DISCOUNT RATE
Four regional Fed banks backed rate hike ahead of July decision, minutes showFour regional Federal Reserve banks backed a 25-basis-point increase in the discount rate ahead of the July policy meeting, minutes showed....- India needs a transparent rulebook for the business of influenceIndia lacks a transparent framework for public scrutiny of lobbying efforts. The recent debate over UPI merchant discount rates highlights ...
- Global Market: European shares flat as Middle East risks weigh; Fed Minutes in focusEuropean shares were largely flat as Middle East tensions kept investors cautious ahead of the Federal Reserve’s July meeting minutes. Gain...
- West Bengal govt seeks custodial interrogation of Abhishek Banerjee's aide in land-grabbing caseWest Bengal government informed the Supreme Court that Sumit Roy is not cooperating with the probe. The court had previously stayed Roy's a...
- Navi’s FY26 loss widens fourfold on UPI investments; eyes FY27 profitabilityNavi reported a notable increase in net losses for FY26, largely attributed to its strategic investments in UPI and new market initiatives....
- Paytm’s Vijay Shekhar Sharma sets $1 billion free cash goal, sees fintechs gaining lending shareVijay Shekhar Sharma, the founder of Paytm, has set an ambitious target of generating one billion dollars in free cash flow. He envisions t...
- Parliamentary panel seeks penalties for banks hosting multiple mule accountsA parliamentary committee suggests penalizing banks for mule accounts and KYC lapses. It also highlighted delays in merchant discount rates...
- UPI costs Rs 20,700 crore, government allocation just Rs 2,000 crore: Parliament PanelA parliamentary committee suggests a self-reliant revenue model for UPI's financial sustainability. Amendments to the Payment and Settlemen...
- Paytm management gets Sebi show cause notice over timing of 2023 loan disclosure announcementPaytm management has received a Sebi show-cause notice over the timing and classification of information disclosed in a December 2023 corpo...
- UPI fee should vary by merchant size and sector: PayU India CEOPayU India CEO Anirban Mukherjee said the fee should not depend on whether a payment is made online or at a store. Reaching physical mercha...
- UPI to remain free for users; nominal MDR may apply to select merchant transactionsConsumers will not face any charges for UPI payments. Most merchant transactions will also remain free of cost. Any future charges will app...
- UPI MDR may return, but only some merchants will have to pay, Finance Ministry clarifiesThe finance ministry said any future MDR on UPI will be nominal and limited to merchant transactions above a specified threshold, while con...
- PhonePe, Razorpay back selective UPI charges for large merchantsPhonePe cofounder and chief executive, Sameer Nigam, and Razorpay cofounder and chief executive, Harshil Mathur, have argued in favour of a...
- Lok Sabha passes Bill enabling Centre to allow UPI charges, MDR on digital paymentsThe Lok Sabha approved amendments to the Payment and Settlement Systems Act. This change empowers the government to permit charges on digit...
- Payments Council backs UPI merchant charges, says users, small businesses will remain exemptPCI said small merchants, including kirana stores, should not be charged for accepting UPI payments. Any merchant service charge would be a...
- No decision yet on merchant discount rate on UPI dealsCentral bank governor Sanjay Malhotra stated it is premature to discuss UPI transaction charges. Discussions are ongoing regarding the paym...
- 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...
- Proposed UPI MDR changes spark reactions from politicians, Industry leaders and usersA debate erupted over removing UPI's zero merchant discount rate guarantee. Finance Minister Nirmala Sitharaman stated any charges would af...
- Why UPI needs transaction feesA groundbreaking bill has been introduced that permits merchant discount rates on UPI transactions. This innovative change aims to enhance ...
- UPI apps could chase big-ticket transactions as MDR return loomsThe UPI race has so far centred on acquiring consumers and monetising them by cross-selling loans, insurance and investments, as there has ...
Load More
