The government and NPCI have released the new Merchant Discount Rate (MDR) framework for UPI payments, effective 15 October. Transactions of Rs 2,000 or less remain free. For merchant (P2M) payments above…
The National Payments Corporation of India has introduced a 0.4% Merchant Discount Rate on UPI person-to-merchant transactions above Rs 2,000, effective from October 15, 2026. Customers will not pay the charge directly.…
The Reserve Bank of India has proposed a one-hour delay in the crediting of digital payments above Rs10,000 to combat rising fraud. In a discussion paper, the central bank noted that 2.8…
A new study by Home Credit India, The Great Indian Wallet 4.0 2026, reveals a significant shift among India's lower-middle-class consumers towards offline transactions for certain everyday payments. The share of respondents…
Prime Minister Narendra Modi on Tuesday marked a decade of the Unified Payments Interface (UPI), calling its scale and reach a major turning point in India's digital payments journey. In a post…
Hindustan Times reports that the Vashi APMC will decide the fate of its onion-potato market within two months and begin a digital shift within a year. The market, classified as dangerous since…
A passenger in Mumbai faced a potential UPI fraud after an Uber auto driver showed a tampered QR code. The passenger paid in cash but later received multiple UPI registration messages from…
A Parliamentary Standing Committee on Finance has recommended bringing back the Merchant Discount Rate (MDR) for select high-value UPI merchant transactions. The move aims to make India's digital payments ecosystem financially sustainable…
A parliamentary panel has recommended an expeditious introduction of a calibrated merchant discount rate (MDR) on high-value digital transactions. The committee urged the Department of Financial Services (DFS) to create a self-reliant,…
A parliamentary standing committee has warned of a Rs 20,700 crore funding gap in UPI, against a government allocation of just Rs 2,000 crore. The committee, chaired by Bhartruhari Mahtab, said the…
