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MERCHANTS CAP ON FEES
Can you use UPI abroad? Here’s what Indian travellers must know about charges, limits and security risksIndian travellers are increasingly using UPI abroad for convenient payments, but understanding its limitations and risks is crucial. While ...29 May, 2026, 01.08 PM IST- RBI sharpens compliance norms, expands use cases of UPI-linked wallets for foreign visitors under draft PPI normsThe Reserve Bank of India has unveiled draft guidelines for prepaid payment instruments. These new rules aim to strengthen compliance and c...22 Apr, 2026, 10.12 PM IST
- Digital euro to cost EU banks 4-6 billion euros over 4 years, ECB estimatesEuropean banks could face implementation costs of €4-6 billion over four years for the digital euro, according to an ECB policymaker. This ...19 Feb, 2026, 09.01 PM IST
- Visa and Mastercard near settlement with merchants, would lower fees: ReportVisa and Mastercard are close to a settlement with merchants. The payment giants will reduce fees stores pay for credit card transactions. ...09 Nov, 2025, 03.36 PM IST
- Visa, Mastercard to extend non-EU card fee caps to 2029, EU saysVisa and Mastercard will extend tourist card fee caps with EU antitrust regulators until 2029, announced by the European Commission. Set in...05 Jul, 2024, 06.06 PM IST
- Visa, Mastercard settle long-running antitrust suit over swipe fees with merchantsVisa and MasterCard settle with U.S. merchants on swipe fees, potentially saving consumers billions. The agreement caps credit fees, mandat...26 Mar, 2024, 07.05 PM IST
- HDFC Bank revises fees structure of these credit cards with effect from Jan 1, 2023HDFC Bank has sent SMS notifications to certain credit card customers about changes to the credit card reward points programme and fee stru...02 Dec, 2022, 11.44 AM IST
- RBI invites inputs for cap on credit card feesThe paper proposes replacing the zero fees on Unified Payments Interface (UPI) transactions with a subsidy. It has also called for suggesti...18 Aug, 2022, 10.18 AM IST
- 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.27 Jan, 2020, 07.45 PM IST
- EU fines Mastercard 570 mln euros over cross-border barriersThe Commission granted Mastercard a 10 percent fine reduction for cooperating with its investigation22 Jan, 2019, 04.32 PM IST
- Govt caps debit card fee on bills of Rs 2k at 0.4% for Q1The 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 ...29 Dec, 2017, 11.01 AM IST
- RBI caps charges on debit card transactions at merchant outletsRBI has split the amount of MDR, fee that shop keepers charge customers, into two – for merchants with turn-over of less than Rs 20L & the ...06 Dec, 2017, 07.22 PM IST
- Government wants cap on debit card chargesLast month, the RBI issued a draft circular, where it classified merchants into small and other categories with levy of 0.95% of the transa...02 Mar, 2017, 11.02 AM IST
- Bank apps, low merchant fee may impact e-walletsMDR rate for merchants was waived for the first two months of demonetisation.MDR rates were capped from January 1 to March 31, 2017 by the ...11 Jan, 2017, 12.09 PM IST
- Return of debit card, ATM fee worry cash-strapped peopleMost other banks charged Rs 20 per ATM transaction before the November 8 announcement.03 Jan, 2017, 11.18 AM IST
- Global I-banks keep off IPO of govt-run NBCCGlobal merchant banks have decided to stay away from the proposed 10% share sale in state-run National Buildings Construction Corporation.21 Jun, 2011, 04.16 AM IST
- Rs 8 fee to manage Rs 8,000 crore issueGlobal investment banking major Goldman Sachs' proposed fee for managing the second round of divestment in Power Grid Corp adds up to Rs 8!05 Aug, 2010, 12.53 PM IST
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