In October 2026, significant changes to banking and finance regulations will take effect, impacting numerous services. Furthermore, the Res...

The 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 across India will observe October 2 as 'No UPI Day' to protest UPI charges. The All India Mobile Retailers Associati...

Ending 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's Managing Director Ashish Chauhan mentioned there have been no government discussions about the new MDR on UPI payments. He indicated ...

The Confederation of All India Traders (CAIT) said it has taken serious note of certain media reports and social media posts claiming that ...

Talking to PTI, Sitharaman said the decision was completely professional, and it was taken jointly by the National Payments Corporation of ...

Finance Minister Nirmala Sitharaman confirmed that the Merchant Discount Rate on UPI payments above Rs 2,000 will not be passed to consumer...

In an effort to shield consumers from additional Merchant Discount Rate (MDR) charges, the finance ministry is set to consult with the Indi...

The concerns of fuel retailers centre on the impact of MDR on an industry where margins are relatively low, those cited above said. The gov...

A newspaper clipping claiming banks were told to increase ATM cash stocks ahead of UPI fees has circulated online, prompting a government f...

After the MDR charge announcement on certain merchant UPI transactions, many UPI users are thinking whether they should shift from the UPI ...

NPCI states GST on UPI Merchant Discount Rate is not a burden. Transactions under two thousand rupees have zero MDR and no GST. Over ninety...

NPCI will introduce a dedicated fund from MDR proceeds for small merchants. This fund aims to expand digital payment infrastructure in smal...

Under the framework effective October 15, regular merchant payments above Rs 2,000 will attract a 0.4% merchant discount rate (MDR), capped...

Starting on October 15, banks and payment applications will begin earning revenue from select merchant UPI transactions. Transactions under...

The National Payments Corporation of India, which operates the UPI network, said the revenue will support investment in infrastructure resi...