Searched for
GOVERNMENT SUBSIDIES FOR UPI
PM Modi’s high stakes push for sovereign AI faces reality checkIndia is striving to build its own artificial intelligence capabilities, aiming for self-reliance and global export. However, the nation fa...- India's digital currency push targets its leaky welfare systemWhile India's early efforts are modest compared with those of China, where more than 200 million people use the e-yuan, the world's most po...
- India's digital currency push targets its leaky welfare systemIndia is piloting its digital rupee, the e-rupee, for welfare payments. This initiative aims to improve efficiency and reduce corruption in...
- UPI, RuPay subsidy shrinks to Rs 8,000 crore over four yearsThe digital payments industry has received about Rs 8,000 crore in subsidy payments over four years for UPI and RuPay debit card payments, ...
- Govt crackdown on underage scrolling; UPI incentives declineHappy Thursday! The government is debating social media restrictions for children in India. This and more in today’s ETtech Morning Dispatc...
- NPCI counts on Bharat, Northeast to accelerate UPI adoptionAs the National Payments Corporation of India (NPCI) grapples with a moderation in growth of the Unified Payments Interface, it is turning ...
- Consider bringing back revenue mechanism on UPI for sustenance of sector: Parliamentary committeeThe committee also recognised the need for cashback and multi-year subsidy schemes to promote adoption of digital payments in tier-three to...
- Budget 2026: Govt earmarks Rs 2,000 crore subsidy for UPI payments, industry calls it insufficientLast year, the government paid Rs 2,196 crore by way of this subsidy, which is offered to banks for processing UPI and RuPay debit card pay...
- Budget 2026: Payment facilitators may push for UPI subsidy hikeAs the government prepares for its next budget, payment system operators are calling for a decisive increase in subsidies for UPI merchant ...
- India Fintech Foundation asks govt, RBI to address concentration risk on UPI paymentsIndia Fintech Foundation has alerted the Finance Ministry and RBI about a major risk on UPI. Two companies now control over 80 percent of U...
- Subsidy outlay of Rs 437 crore for UPI, RuPay transactions may be revised upward: SBI economistsSBI economists say the Rs 437 crore subsidy for UPI and RuPay in FY26 may be increased, as UPI participants face costs up to Rs 5,000 crore...
- Payments body writes to PMO, seeks return of MDR on UPI for large merchants and RuPay debit cardsIn a letter written to the PMO earlier today, the Payments Council of India said that more than 90% of merchants are small, and hence will ...
- Industry expects around Rs 600 crore loss as government nixes RuPay subsidyThe digital payments industry faces a Rs 500-600 crore loss as the government withdraws RuPay debit card subsidies. Fintech firms seek MDR ...
- To ease financial squeeze, fintechs mull seeking MDR restoration or higher subsidyThis comes in the background of the government allocating Rs 1,500 crore towards payment subsidy, while the industry was looking for Rs 5,5...
- ETtech Explainer: Government mulls bringing back MDR on UPI, RuPay for large merchants—what does it mean?Here’s a close look at the MDR’s journey over the years and what its reintroduction will mean for large merchants, banks and payment servic...
- Government weighs return of merchant charges on UPI, RuPayCurrently, there is no merchant discount rate (MDR) on UPI and RuPay debit card transactions processed through the National Payments Corpor...
- RBI-fintech meet discusses expanding digital payments market, checking fraudThe meeting was attended by the new RBI Governor and senior officials of the apex bank. Senior executives from the payments, digital lendin...
- Banks, fintechs await UPI subsidy payouts amid cuts in total outlayBanks and fintech firms are awaiting subsidy payments from the government for promoting digital payments. Despite applications being filed,...
- Payments companies seek ‘assured’ share of sops to keep low-value UPI freePayment aggregators are pushing for a share of government subsidies allocated for UPI transactions to cover low-value transaction costs. Th...
- GST not payable on govt incentive to banks for promoting RuPay card, low value BHIM-UPI transactionsUnder the Incentive scheme for the promotion of RuPay Debit Cards and low-value BHIM-UPI transactions, the government pays banks an incenti...
Load More
