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Your UPI payment just got a price tag: what it means for GST-registered taxpayersNPCI, which manages UPI, has brought in a merchant discount rate of 0.4% on certain person-to-merchant UPI payments above Rs 2,000.- UPI transaction volume dips to 24.07 billion in SeptemberTransaction volumes dipped 1.8% from 24.51 billion in August, while the value of transactions also fell marginally month on month. On a yea...
- Traders call off 'No UPI Day' protest plan after meet with FM SitharamanFinance minister Nirmala Sitharaman met small-trader representatives on Wednesday, following which the AICPDF and AIMRA withdrew their prop...
- AIMRA announces nationwide 'No UPI Day' on October 2 to protest against proposed MDR for UPI transactionsAIMRA is organizing a 'No UPI Day' on October 2 to protest against the proposed Merchant Discount Rate. The proposed charges are anticipate...
- Apple Pay vs UPI: Which requires fewer steps to make a payment?Apple Pay has launched in India through a partnership with Axis Bank, giving iPhone users another way to make payments at stores and online.
- Fee on UPI P2M payments: How this “small” 0.4% fee can take a bigger bite out of your moneyStarting from October 15, 2026, a new 0.4% transaction fee will be applied to UPI payments exceeding Rs 2,000, while lower amounts and peer...
- Apple Pay India launch may change payments in iPhones: Expected date, banks supported, UPI access and featuresApple Pay is expected to launch in India next month with Axis Bank credit cards, ahead of wider bank support, Reuters reported. The service...
- ₹2,000+ UPI payment charges: SC refuses interim stay on 0.4% MDR, issues notice to govt, RBI, NPCI and othersThe 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 to protest against UPI MDR charges on Oct 2Mobile phone retailers across India will observe October 2 as 'No UPI Day' to protest UPI charges. The All India Mobile Retailers Associati...
- MDR on UPI payments above Rs 2,000: Supreme Court to hear challenge plea on MondayEnding 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 MD & CEO Ashish Chauhan says no government talks on new UPI MDR; expects brokers, clients to resolve issueNSE's Managing Director Ashish Chauhan mentioned there have been no government discussions about the new MDR on UPI payments. He indicated ...
- Traders' body CAIT denies 'No UPI Day' call on October 2, terms reports misleadingThe Confederation of All India Traders (CAIT) said it has taken serious note of certain media reports and social media posts claiming that ...
- GST Council to take view on 18% levy on UPI merchant fees: ReportThe GST Council will meet on October 7 to discuss GST levy on UPI merchant fees exceeding Rs 2,000. The government has proposed a 0.4 perce...
- Proposed 0.4% UPI merchant fee will not be passed to consumers: ReportGovernment sources clarified that the proposed merchant fee on UPI transactions above Rs 2,000 will not affect consumers. National Payments...
- Government may examine UPI MDR applicability on petrol pump payments: SourcesThe concerns of fuel retailers centre on the impact of MDR on an industry where margins are relatively low, those cited above said. The gov...
- MP traders protest UPI MDR with ‘No UPI Day’, urge customers to pay cashTraders across Madhya Pradesh organized a 'No UPI Day' protest against the imposition of a 0.4% fee. The protest involved covering QR codes...
- Did government order banks to stock ATMs ahead of UPI charges? Here’s what PIB saidA newspaper clipping claiming banks were told to increase ATM cash stocks ahead of UPI fees has circulated online, prompting a government f...
- BHIM MyUPI payments launched: 9 services users can access at one place, from checking transactions to managing UPI AutopayIn a significant move towards enhancing digital payments, NPCI BHIM Services Limited has introduced MyUPI, a conversational AI assistant se...
- UPI for mutual funds: Benefits, limits and impact of new MDR explainedUnified Payments Interface (UPI) enables convenient investment in mutual funds through instant payments and SIPs. Investors appreciate UPI ...
- UPI vs debit vs credit cards: Will UPI payments with MDR charges still be cheapest? NPCI explainsAfter the MDR charge announcement on certain merchant UPI transactions, many UPI users are thinking whether they should shift from the UPI ...
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