Amazon is revealing a new service offering deliveries in 30 minutes or less for an additional charge. This ultrafast delivery, called Amazo...

US stock market today shows a sharp split. The Dow Jones Industrial Average falls over 160 points. Oil prices surge above $100. Iran tensio...

New-age luggage startups like Mokobara, Nasher Miles, and Uppercase face financial strain as raw material costs surge 35-50% due to the Wes...

January recorded the highest volume with 21.7 billion transactions, followed by December and October with 21.6 billion and 20.7 billion tra...

The finance ministry has firmly stated its commitment to promoting digital payments through UPI, clarifying that there will be no merchant ...

Overall, it seems as if a tussle is brewing between India’s monetary and fiscal authorities. However, to objectively evaluate this debate o...

On the withdrawal restrictions on BSBD or zero-balance accounts, the report said "in the current phase of digital payments, RBI has to devi...

Payments companies and banks that ET has spoken with said that no clarification has been issued by the centre yet on the implementation of ...

MDR is a fee charged from a merchant by a bank for accepting payments from customers through credit and debit cards in their establishments.

The government has decided to cap the fees banks receive on debit cards to 0.40% on transactions below Rs 2,000 as against 0.90% announced ...

This move could get small merchants who were keeping away from digital payments because of the cost involved to finally start accepting pay...

The Reserve Bank on December 6 revised the MDR for debit card transactions at large format retail stores from 0.5 per cent per transaction ...

Niti Aayog has clearly stated that it does not support any charge on transactions made using the Aadhaar-enabled payment system.

The existing MDR is capped at 0.75 per cent for transactions up to Rs 2,000 and 1 per cent for over Rs 2,000. However, there is no RBI cap ...

The existing MDR is capped at 0.75% for transactions up to Rs 2,000 and 1% for over Rs 2,000. However, there is no RBI cap on MDR on credit...

RBI also instructed banks as well as prepaid payments instrument companies to not levy any charge on customers for transactions upto Rs 1,0...

It is the invisible charge that consumers pay to banks in establishments that accept payment cards. It is invisible because the payment is ...