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RUPAY SUBSIDY
UPI processes 218.6 billion transactions till February in FY26; value at Rs 285 lakh croreJanuary recorded the highest volume with 21.7 billion transactions, followed by December and October with 21.6 billion and 20.7 billion tra...- UPI, RuPay subsidy shrinks to Rs 8,000 crore over four yearsThe digital payments industry has received about Rs 8,000 crore in subsidy payments over four years for UPI and RuPay debit card payments, ...
- Govt crackdown on underage scrolling; UPI incentives declineHappy Thursday! The government is debating social media restrictions for children in India. This and more in today’s ETtech Morning Dispatc...
- Budget 2026: Govt earmarks Rs 2,000 crore subsidy for UPI payments, industry calls it insufficientLast year, the government paid Rs 2,196 crore by way of this subsidy, which is offered to banks for processing UPI and RuPay debit card pay...
- Subsidy outlay of Rs 437 crore for UPI, RuPay transactions may be revised upward: SBI economistsSBI economists say the Rs 437 crore subsidy for UPI and RuPay in FY26 may be increased, as UPI participants face costs up to Rs 5,000 crore...
- Payments body writes to PMO, seeks return of MDR on UPI for large merchants and RuPay debit cardsIn a letter written to the PMO earlier today, the Payments Council of India said that more than 90% of merchants are small, and hence will ...
- RuPay's revenue setback; PayU bets on MindgateHappy Friday! The digital payments industry faces challenges following the government's changes to RuPay subsidies. This and more in today’...
- Industry expects around Rs 600 crore loss as government nixes RuPay subsidyThe digital payments industry faces a Rs 500-600 crore loss as the government withdraws RuPay debit card subsidies. Fintech firms seek MDR ...
- To ease financial squeeze, fintechs mull seeking MDR restoration or higher subsidyThis comes in the background of the government allocating Rs 1,500 crore towards payment subsidy, while the industry was looking for Rs 5,5...
- ETtech Explainer: Government mulls bringing back MDR on UPI, RuPay for large merchants—what does it mean?Here’s a close look at the MDR’s journey over the years and what its reintroduction will mean for large merchants, banks and payment servic...
- Government weighs return of merchant charges on UPI, RuPayCurrently, there is no merchant discount rate (MDR) on UPI and RuPay debit card transactions processed through the National Payments Corpor...
- Banks, fintechs await UPI subsidy payouts amid cuts in total outlayBanks and fintech firms are awaiting subsidy payments from the government for promoting digital payments. Despite applications being filed,...
- 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...
- 'Sops for RuPay, BHIM-UPI are subsidy, not taxable'The Central Board of Indirect Taxes and Customs (CBIC) Friday clarified that incentives paid by the Ministry of Electronics and Information...
- Banks holding on to subsidy share, say payments firmsThe companies have written to the National Payments Corp. of India (NPCI), complaining that ₹700 crore of the ₹1,500 crore granted in the b...
- NPCI pings Prime Minister’s Office, government departments to bring back digital pay MDRMDR was a fee accrued by banks, generally levied from merchants processing the transactions. It was shared equally between the acquiring ba...
- SBI, NPCI seek ‘Visa power’ for RuPay cardsZero MDR would disincentivise banks to issue RuPay cards and they would prefer its rivals, SBI has said.
- Plan to expand Rs 1-lakh Jan Dhan cover may need government subsidyThe Rs 1-lakh free personal accident cover with a JDY account is valid as long as the account holder uses the RuPay debit card once in 45 d...
- Jan Dhan Yojana: 5.29 crore accounts opened; 1.78 crore RuPay cards issuedThe benefit of Pradhan Mantri Jan Dhan Yojana (PMJDY) can be extended to existing account holders without opening a new account.
- RuPay: With this RBI initiative, India gets ready for a cashless revolutionRuPay will compete with Visa and MasterCard in terms of cost and quality of service, and it is only natural to expect the incumbents also t...
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