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INTERCHANGE FEES RUPAY
There’s no free digital lunch: Why India must rethink UPI’s zero-fee modelSmall merchants are facing unexplained fees on UPI transactions, linked to RuPay credit card MDR. While UPI was promoted as free, these cha...- Analyst shares insights about how credit card ecosystem makes money, be it banks, Visa, Amex or MastercardSuraj Kumar Talreja explains how banks and payment networks earn from credit card transactions. Merchants pay a small fee called MDR. This ...
- NPCI ups RuPay credit card play against rivalsNational Payments Corporation of India (NPCI) has started offering financial incentives to banks to push RuPay credit cards to their custom...
- Transaction cost on Rupay credit card to rise for these merchants as interchange fees for select categories go up starting May 1, states NPCIStarting May 1, 2025, NPCI is set to increase interchange fees for Rupay credit cards, affecting both domestic and international transactio...
- RuPay now accounts for 16% of credit card spending, says NPCI MD Dilip AsbeAround 16% of India's credit card spending occurs on the RuPay network, driven by UPI-linked credit cards. With more than 30 banks issuing ...
- RuPay accounts for 16% of credit card spending, with half driven by UPI: NPCI's Dilip AsbeIn January, UPI processed 16.9 billion transactions, amounting to a transaction value of Rs 23.48 lakh crore. However, Visa and Mastercard ...
- UPI-enabled credit cards see 20% monthly transaction growth, RuPay market share up to 12%: ReportThe Kiwi 2024 report highlights that UPI-enabled card users now make an average of 40 transactions per month, eight times more than traditi...
- New RuPay credit card on UPI rule: RuPay credit card reward point rules from September 1New RuPay credit card on UPI rule: NPCI has instructed all banks that issue RuPay credit cards to ensure that the rewards points, benefits,...
- Rupay credit cards on UPI will now earn same reward points like other RuPay cards including on these UPI transactionsRuPay credit card: The National Payments Corporation of India (NPCI) in a circular directed all RuPay credit card issuing banks to ensure t...
- UPI integration gives a fillip to RuPay credit cards distributionRuPay credit cards are seeing a growth in usage after linking with UPI, with its issuance at 30%, up from a mere 5% in 2022-23. The shift t...
- Credit cards: How RBI could break the hegemony of Visa & Mastercard without tinkering with a dependable systemThe Reserve Bank of India (RBI) is set to transfer the right to choose a card network, such as Visa, Mastercard, American Express, Diners C...
- RuPay credit card can’t be used on UPI for these 3 important paymentsThe process of linking a RuPay credit card with the UPI is similar to the way a user links a savings bank account or debit card to UPI. At ...
- Banks holding on to subsidy share, say payments firmsThe companies have written to the National Payments Corp. of India (NPCI), complaining that ₹700 crore of the ₹1,500 crore granted in the b...
- NPCI pings Prime Minister’s Office, government departments to bring back digital pay MDRMDR was a fee accrued by banks, generally levied from merchants processing the transactions. It was shared equally between the acquiring ba...
- E-payments industry counts the costs after zero MDR joltFrom the growth of UPI payments, it’s clear more users are embracing this instrument. But with a billion transactions a month being recorde...
- Without merchant fees, banks say they can’t reimburse payment companiesAt the centre of this demand is Delhi’s decision to remove the MDR for all digital transactions.
- View: Abolishing MDR charges is not a great ideaTo do away with MDR altogether is to cut the purse-strings which fund both existing activities and the impetus for future innovation.
- 'Banks can save Rs 300 cr annually by switching over to RuPay'A switchover to RuPay Card, the Indian version of Visa or MasterCard, can help domestic banks save as much Rs 300 crore annually in transac...
- 'Banks can save Rs 300 cr annually by switching over to RuPay'A switchover to RuPay Card, the Indian version of Visa or MasterCard, can help domestic banks save as much Rs 300 crore annually in transac...
- NPCI's RuPay debit cards to rival Visa and MastercardCoinciding with the launch, the RBI has also directed banks to cut charges levied on shopkeepers for facilitating debit card payments.
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