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MERCHANT TO MERCHANT TRANSACTIONS
Traders call off 'No UPI Day' protest plan after meet with FM SitharamanFinance minister Nirmala Sitharaman met small-trader representatives on Wednesday, following which the AICPDF and AIMRA withdrew their prop...- Fee on UPI P2M payments: How this “small” 0.4% fee can take a bigger bite out of your moneyStarting from October 15, 2026, a new 0.4% transaction fee will be applied to UPI payments exceeding Rs 2,000, while lower amounts and peer...
- Apple Pay comes to India with Axis Bank Visa, Mastercard credit cardsApple Pay has officially launched in India, allowing users to make contactless payments using Axis Bank credit cards. Users can add their V...
- A $375 million ground lease transformed Washington's Old Post Office into a Waldorf Astoria; 2 years after acquisition, foreclosure ended the investor's control of the propertyA $375 million transaction changed the identity of Washington, D.C.’s Old Post Office building, moving the property from the Trump Internat...
- 5 rule changes from October 1: SBI ATM charges, MDR on UPI, bulk FD rates, KYC for LPG subsidy and moreIn October 2026, significant changes to banking and finance regulations will take effect, impacting numerous services. Furthermore, the Res...
- ₹2,000+ UPI payment charges: SC refuses interim stay on 0.4% MDR, issues notice to govt, RBI, NPCI and othersThe Supreme Court has declined to grant an interim stay on the government’s new merchant discount rate policy. This policy imposes a 0.4% c...
- Mobile phone retailers to protest against UPI MDR charges on Oct 2Mobile phone retailers across India will observe October 2 as 'No UPI Day' to protest UPI charges. The All India Mobile Retailers Associati...
- MDR on UPI payments above Rs 2,000: Supreme Court to hear challenge plea on MondayEnding nearly six years of fully free UPI payments, the government has introduced a 0.4 per cent fee on transfers worth over Rs 2,000 made ...
- NSE MD & CEO Ashish Chauhan says no government talks on new UPI MDR; expects brokers, clients to resolve issueNSE's Managing Director Ashish Chauhan mentioned there have been no government discussions about the new MDR on UPI payments. He indicated ...
- Traders' body CAIT denies 'No UPI Day' call on October 2, terms reports misleadingThe Confederation of All India Traders (CAIT) said it has taken serious note of certain media reports and social media posts claiming that ...
- UPI MDR decision completely professional, no external pressure: FM SitharamanTalking to PTI, Sitharaman said the decision was completely professional, and it was taken jointly by the National Payments Corporation of ...
- Ministry of Finnace to engage with banks and traders to allay Merchant Discount Rate concernsIn an effort to shield consumers from additional Merchant Discount Rate (MDR) charges, the finance ministry is set to consult with the Indi...
- GST Council to take view on 18% levy on UPI merchant fees: ReportThe GST Council will meet on October 7 to discuss GST levy on UPI merchant fees exceeding Rs 2,000. The government has proposed a 0.4 perce...
- Proposed 0.4% UPI merchant fee will not be passed to consumers: ReportGovernment sources clarified that the proposed merchant fee on UPI transactions above Rs 2,000 will not affect consumers. National Payments...
- Government may examine UPI MDR applicability on petrol pump payments: SourcesThe concerns of fuel retailers centre on the impact of MDR on an industry where margins are relatively low, those cited above said. The gov...
- Proposed 0.4% UPI MDR could recover Rs 15,000 crore in first year: NPCI chiefGold may have pushed silver into the spotlight, but the shift is not just about price. Younger Indians, in particular, are looking at silve...
- Did government order banks to stock ATMs ahead of UPI charges? Here’s what PIB saidA newspaper clipping claiming banks were told to increase ATM cash stocks ahead of UPI fees has circulated online, prompting a government f...
- UPI vs debit vs credit cards: Will UPI payments with MDR charges still be cheapest? NPCI explainsAfter the MDR charge announcement on certain merchant UPI transactions, many UPI users are thinking whether they should shift from the UPI ...
- NPCI says GST on UPI MDR will not burden small merchantsNPCI states GST on UPI Merchant Discount Rate is not a burden. Transactions under two thousand rupees have zero MDR and no GST. Over ninety...
- UPI’s new MDR pot: 5% of collections to be used for bringing small merchants onlineNPCI will introduce a dedicated fund from MDR proceeds for small merchants. This fund aims to expand digital payment infrastructure in smal...
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