The digital payments industry has received about Rs 8,000 crore in subsidy payments over four years for UPI and RuPay debit card payments, ...

Happy Thursday! The government is debating social media restrictions for children in India. This and more in today’s ETtech Morning Dispatc...

As the National Payments Corporation of India (NPCI) grapples with a moderation in growth of the Unified Payments Interface, it is turning ...

The committee also recognised the need for cashback and multi-year subsidy schemes to promote adoption of digital payments in tier-three to...

Last 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...

As the government prepares for its next budget, payment system operators are calling for a decisive increase in subsidies for UPI merchant ...

India Fintech Foundation has alerted the Finance Ministry and RBI about a major risk on UPI. Two companies now control over 80 percent of U...

SBI 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...

In 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 ...

The digital payments industry faces a Rs 500-600 crore loss as the government withdraws RuPay debit card subsidies. Fintech firms seek MDR ...

This comes in the background of the government allocating Rs 1,500 crore towards payment subsidy, while the industry was looking for Rs 5,5...

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...

Currently, there is no merchant discount rate (MDR) on UPI and RuPay debit card transactions processed through the National Payments Corpor...

The meeting was attended by the new RBI Governor and senior officials of the apex bank. Senior executives from the payments, digital lendin...

Banks and fintech firms are awaiting subsidy payments from the government for promoting digital payments. Despite applications being filed,...

Payment aggregators are pushing for a share of government subsidies allocated for UPI transactions to cover low-value transaction costs. Th...

Under the Incentive scheme for the promotion of RuPay Debit Cards and low-value BHIM-UPI transactions, the government pays banks an incenti...