Last 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...

Paytm shares jumped sharply after Budget 2026 announced a significantly higher incentive allocation for UPI and RuPay, boosting sentiment a...

Union Budget News: India's UPI digital payment system faces a crucial decision ahead of Budget 2026. While UPI has revolutionized transacti...

As the government prepares for its next budget, payment system operators are calling for a decisive increase in subsidies for UPI merchant ...

SBI 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...

RBI Governor Sanjay Malhotra clarified that while UPI is free for users, it incurs costs that someone must bear, emphasizing sustainability...

If India’s “free UPI” policy was already pinching banks, the government’s latest move has turned the screw further. A fresh cut in incentiv...

Paytm shares declined following the Finance Ministry's denial of Merchant Discount Rate (MDR) on UPI transactions. This sparked investor co...

The payments industry body has requested Prime Minister Narendra Modi to implement a Merchant Discount Rate (MDR) on UPI and RuPay debit ca...

The Payments Council of India has expressed concerns about the sustainability of the digital payments ecosystem due to the zero MDR policy ...

Shares of Paytm’s parent company, One97 Communications, fell 5.5% after the Union Cabinet approved a Rs 1,500 crore incentive to promote lo...

The Union Cabinet approved ₹1,500 crore allocation to promote low-value UPI transactions, offering 0.15% incentives for transactions up to ...

This comes in the background of the government allocating Rs 1,500 crore towards payment subsidy, while the industry was looking for Rs 5,5...

Banks and fintech firms are awaiting subsidy payments from the government for promoting digital payments. Despite applications being filed,...

Industry is hopeful that eventually this will be scaled up, and a higher sum of money will be disbursed to banks which will eventually be p...

"This incentive scheme will promote digital payments by incentivising banks to build a robust digital payments ecosystem and to promote RuP...

NPCI MD & CEO A P Hota told TOI the proposed approval of increased cashback incentives by the government for Bhim usage is expected to come...