Tax issues Levy of goods & services tax on MDR can be taken up by GST Council, ITC may be used by merchants.

India's Finance Ministry rejects claims of US influence on UPI payment charges. The new framework prioritizes RuPay credit cards for UPI tr...

The Congress party has voiced strong opposition to the implementation of a merchant discount rate (MDR) on UPI transactions, alleging that ...

The Department of Financial Services (DFS) issued the clarification in response to observations in the US Trade Representative's (USTR) 202...

Effective October 15, UPI payments to merchants (P2M) above Rs 2,000 will attract a 0.4 per cent MDR with an overall cap of Rs 300. Besides...

India's finance ministry rejected claims of foreign pressure influencing UPI transaction charges. A 0.4% Merchant Discount Rate will apply ...

NPCI will introduce a Merchant Discount Rate on select P2M UPI transactions starting October 15. Merchants will pay 0.4% on transactions ex...

BharatPe co-founder Ashneer Grover has questioned the rationale for introducing charges on certain UPI merchant transactions above Rs 2,000...

Happy Wednesday! The NPCI has announced charges on select UPI merchant payments. This and more in today's ETtech Morning Dispatch.

While NPCI has not specified a threshold based on the size of a merchant’s turnover, it said in its announcement that vendors operating und...

The NPCI has finalised the long-awaited MDR framework for UPI transactions, paving the way for changes to the payments ecosystem. This and ...

New UPI rules will introduce a 0.02% merchant discount rate for capital market transactions. This special rate applies to mutual funds and ...

This comes after a Monday notificationfrom the Department of Financial Services that narrowed the zero-charge mandate for UPI. The earlier ...

The Unified Payments Interface (UPI) processed 24.51 billion transactions worth Rs 29.82 lakh crore in August, according to data from the N...

NPCI generates revenues primarily by operating digital payment infrastructures such as UPI, IMPS (Immediate Payment Service), AePS (Aadhaar...

India's NPCI is examining protocols for AI agent identification within the UPI ecosystem. This move aims to enable autonomous payments on t...

UPI has significant room for growth, especially in rural areas. Developing offline payment solutions remains a key challenge for the platfo...