The government has clarified that UPI users will not be charged under a proposed Merchant Discount Rate (MDR), which will apply only to select merchant transactions above a certain threshold. Finance minister…
The government on Saturday clarified that UPI will remain free for all users and the vast majority of merchants. The statement came after the Lok Sabha passed a bill amending the Payment…
The government has clarified that UPI transactions will remain free for users, with any future merchant discount rate (MDR) applying only to a limited set of high-value merchant payments above a certain…
The government on Saturday assured that UPI will remain free for users, with all person-to-person transactions and most merchant payments continuing without charges. A nominal Merchant Discount Rate (MDR) of 0.25% to…
The finance ministry has categorically ruled out any UPI charges for consumers, saying person-to-person payments will remain free and small merchants will be protected. The clarification on August 8 came after the…
The government clarified on Saturday that UPI transactions will remain free for users, with no charges on person-to-person payments. It said the overwhelming majority of merchant transactions will also be free. Any…
NPCI International Payments Ltd (NIPL) and the Maldives Monetary Authority (MMA) have launched the Favara-UPI cross-border payment corridor, enabling real-time fund transfers from the Maldives to UPI-enabled bank accounts in India. The…
PhonePe CEO Sameer Nigam has assured users that UPI payments will remain free for consumers, pushing back against speculation after the Lok Sabha passed the Taxation and Other Laws (Amendment) Bill, 2026.…
The Payments Council of India has assured that UPI will remain free for consumers and small merchants such as kirana stores, countering speculation triggered by a parliamentary amendment. The Payment and Settlement…
RBI Governor Sanjay Malhotra called discussions on Merchant Discount Rate (MDR) for digital payments premature, urging stakeholders to wait and watch. He said investment in public payment infrastructure requires someone to pay,…
