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RUPAY INCENTIVES
UPI charges from October 15: FAQs on who will pay 0.4% MDR and what consumers, small vendors & large merchants need to knowUPI Payment: UPI transactions of up to Rs 2,000 will continue to be free for users. A new Merchant Discount Rate (MDR) will be introduced f...17 Sep, 2026, 05.21 PM IST- Attempt to divert attention from backlash over UPI tax: Congress on govt's Parl panel claimsCongress denies supporting a parliamentary committee's report on UPI payment fees. The party accuses the government of diversion after a si...17 Sep, 2026, 12.30 PM IST
- UPI fee: Why govt is putting a price on big merchant paymentsThe National Payments Corporation of India, which operates the UPI network, said the revenue will support investment in infrastructure resi...16 Sep, 2026, 01.22 PM IST
- NPCI announces MDR for UPI; merchant transactions above Rs 2,000 to attract 0.4% chargeWhile NPCI has not specified a threshold based on the size of a merchant’s turnover, it said in its announcement that vendors operating und...15 Sep, 2026, 11.32 PM IST
- UPI MDR notification likely to be out for businesses soon; banks may pocket bulk of 40 bps feeThe issuing bank would retain 40% of the fee, sources said. Third-party application providers such as PhonePe or Google Pay, and the acquir...11 Sep, 2026, 05.04 PM IST
- India needs a transparent rulebook for the business of influenceIndia lacks a transparent framework for public scrutiny of lobbying efforts. The recent debate over UPI merchant discount rates highlights ...23 Aug, 2026, 11.14 PM IST
- Most UPI transactions to stay free: FM Nirmala SitharamanFinance Minister Nirmala Sitharaman said UPI transactions will remain free for consumers, with most low-value payments also staying free. A...11 Aug, 2026, 12.48 PM IST
- India must not rewrite its UPI policies under US pressure: GTRIIndia's UPI policies should not be altered due to United States pressure. A think tank advises defending competition and policy autonomy fo...07 Aug, 2026, 04.13 PM IST
- UPI apps could chase big-ticket transactions as MDR return loomsThe UPI race has so far centred on acquiring consumers and monetising them by cross-selling loans, insurance and investments, as there has ...06 Aug, 2026, 06.00 AM IST
- Exclusive: UPI merchant fee likely to be set at 5-7 basis points: sourcesThe move would mark a significant shift in India’s digital payments policy, six years after the government made UPI and RuPay debit card tr...17 Jul, 2026, 09.55 AM IST
- Subsidy on small-value UPI payments cut, banks look for ways to offset costIf India’s “free UPI” policy was already pinching banks, the government’s latest move has turned the screw further. A fresh cut in incentiv...01 Aug, 2025, 06.00 AM IST
- NPCI ups RuPay credit card play against rivalsNational Payments Corporation of India (NPCI) has started offering financial incentives to banks to push RuPay credit cards to their custom...09 Jul, 2025, 06.00 AM IST
- Payments council pings FM Nirmala Sitharaman to bring back RuPay MDRIn the letter, PCI has sought a “level playing field” for RuPay “to compete with its peers to attain its full potential”, especially when i...17 May, 2023, 06.00 AM IST
- NPCI plans more tie-ups to strengthen global acceptability of RuPay debit cardsCurrently, RuPay cards are accepted at the points of sale (PoS) machine powered by Discover of the US, Diners Club, JCB of Japan, Pulse and...14 May, 2023, 06.31 PM IST
- NPCI plans more tie-ups to strengthen global acceptability of RuPay debit cardsCurrently, RuPay cards are accepted at the points of sale (PoS) machine powered by Discover of the US, Diners Club, JCB of Japan, Pulse and...14 May, 2023, 01.00 PM IST
- Govt notifies incentives for promoting PoS, e-commerce transactions using Rupay, BHIM"This incentive scheme will promote digital payments by incentivising banks to build a robust digital payments ecosystem and to promote RuP...16 Jan, 2023, 08.17 PM IST
- GST not payable on govt incentive to banks for promoting RuPay card, low value BHIM-UPI transactionsUnder the Incentive scheme for the promotion of RuPay Debit Cards and low-value BHIM-UPI transactions, the government pays banks an incenti...15 Jan, 2023, 11.56 AM IST
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