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ZERO MDR POLICY
RBI to find ways to make UPI sustainable, improve infrastructure: Sanjay MalhotraThe Reserve Bank of India is dedicated to the long-term viability of the Unified Payments Interface (UPI), as articulated by Governor Sanja...- India's UPI miracle has a money problem; can Budget 2026 fix it?Union Budget News: India's UPI digital payment system faces a crucial decision ahead of Budget 2026. While UPI has revolutionized transacti...
- Can UPI stay free forever? RBI Governor Sanjay Malhotra says someone has to bear the costReserve Bank of India Governor Sanjay Malhotra suggests Unified Payments Interface may not remain free. He highlights the costs associated ...
- Paytm shares fall 10%: What is MDR and why fintech players want government to introduce it?Paytm shares declined following the Finance Ministry's denial of Merchant Discount Rate (MDR) on UPI transactions. This sparked investor co...
- UPI payments above Rs 3,000 may attract charges: ReportMerchant Discount Rate (MDR) is the fee charged by banks to merchants for providing digital payment services. Currently, RuPay debit cards ...
- UPI incentive of Rs 1,500 crore 'insufficient' to sustain digital payment ecosystem: Payments Council of IndiaThe Payments Council of India has expressed concerns about the sustainability of the digital payments ecosystem due to the zero MDR policy ...
- Now hiring: AI trust roles; Tough road ahead for TeslaLarge Indian tech companies are rapidly hiring for jobs focused on AI safety and trust. This and more in today’s ETtech Top 5.
- Union Bank of India, PNB, Indian Bank launch Rupay credit card on UPICredit card payments using UPI have been offered by Union Bank of India, Punjab National Bank (PNB), and Indian Bank.
- RBI mulls UPI charges; Jar hits $300M valuation in Tiger-led fundingThe banking regulator's plan to charge fees for UPI transactions comes after complaints from several payment firms.
- Linking cards with UPI poses challenges; govt to meet VPN firms today & e-commerce sales are backOn Wednesday, when the Reserve Bank of India announced that users of the Unified Payments Interface would soon be able to link their credit...
- Finance Minister Nirmala Sitharaman proposes Rs 1,500 crore-scheme to promote digital payments"To give a further boost to digital transactions, I earmark Rs 1,500 crore for a proposed scheme that will provide financial incentive to p...
- UPI crosses record 1.5 billion transactions in August, shows latest RBI dataIndustry experts said that while the surge in UPI-based micro-transactions could help India achieve its stated objective of transforming in...
- Payment companies weigh ways to recoup MDR lossesThese companies have urged the Centre to nudge banks to compensate “a minimum of 0.25% of the transaction amount for all the UPI and RuPay,...
- Digital payment gains should be used to acquire merchants, says Nirmala SitharamanThe prebudget meeting on Friday was necessitated after the government waived off MDR for merchants on digital payments made through RuPay d...
- BharatPe to hire 75 product managers, engineers this year"BharatPe is coming up with a state-of-the-art tech-hub in Delhi to house its expanded product and technology team. The company plans to hi...
- Stakeholders believe, MDR waiver may hurt digital IndiaFinance Minister Nirmala Sitharaman on Saturday said that the zero MDR regime would kick in once the Department of Revenue issued a gazette...
- No MDR on RuPay,UPI payments will kill industry, warns industryThe move will apply to all companies with a turnover of Rs 50 crore or more. Merchant Discount Rate is the fee paid by a merchant to a bank...
- No one saw zero MDR for digital payments comingIn the RBI's vision document for 2021, the central bank said it would consider shifting from transaction value-based pricing slabs to a fix...
- MobiKwik reports 16% jump in losses despite digital payments boomMobiKwik reported 10% rise in its revenues for 2016-17 atRs 44 crore against Rs 40 crore in the previous year when it posted a loss of Rs 1...
- Taking into account all representations on Interconnect User Charge: RS Sharma“Lot of work is being done, we had a consultation, also a workshop, we should be able to come out with the IUC regulations very soon,” said...
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