India’s payments ecosystem has evolved dramatically, from hundis and merchant networks that moved value across long distances to formal ban...

A parliamentary committee suggests penalizing banks for mule accounts and KYC lapses. It also highlighted delays in merchant discount rates...

A parliamentary committee suggests a self-reliant revenue model for UPI's financial sustainability. Amendments to the Payment and Settlemen...

Apple Pay may launch in India this October without UPI support. The service will initially use tokenized Visa and Mastercard credit cards. ...

Finance Minister Nirmala Sitharaman said UPI transactions will remain free for consumers, with most low-value payments also staying free. A...

India’s payments network is shifting towards software-based channels, with UPI QR codes and online card transactions growing while ATMs and...

NPCI plans to expand UPI internationally by targeting countries with large Indian diaspora populations, with CEO Dilip Asbe saying it could...

Standard UPI transfers for individuals will remain complimentary, ensuring users can continue making everyday payments without worry. While...

The finance ministry said any future MDR on UPI will be nominal and limited to merchant transactions above a specified threshold, while con...

PhonePe and Razorpay leaders affirmed UPI payments will stay free for consumers. They support sustainable revenue models for payment infras...

The Payments Council of India clarified UPI transactions will remain free for consumers. Small merchants, including kirana stores, will als...

PCI said small merchants, including kirana stores, should not be charged for accepting UPI payments. Any merchant service charge would be a...

Happy Thursday! Competition in the payments space may change with merchant fees on UPI potentially making a comeback. This and more in toda...

The UPI race has so far centred on acquiring consumers and monetising them by cross-selling loans, insurance and investments, as there has ...

The Confederation of All India Traders will support a nominal Merchant Discount Rate on higher-value UPI transactions. This support is cont...

Parliamentary amendments propose restoring merchant discount rates on UPI payments. This move aims to encourage digital transactions by all...

India has laid the legal groundwork to reintroduce merchant fees on UPI payments through proposed amendments to the Payment and Settlement ...