No UPI charge for consumers, small merchants: Payments Council
Consumers and small merchants will not have to pay any charge for using UPI, the Payments Council of India has said. The clarification came after the Lok Sabha passed a Bill amending…
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UPI पर MDR लगाने का विरोध, GTRI और ग्रोवर ने दी चेतावनी
लोकसभा द्वारा भुगतान और निपटान प्रणाली अधिनियम 2007 में संशोधन विधेयक पारित किए जाने के बाद UPI लेनदेन पर मर्चेंट डिस्काउंट रेट (MDR) लगाने की चर्चा तेज हो गई है। आर्थिक थिंक…
Lok Sabha clears bill allowing charges on UPI payments
The Lok Sabha on Thursday passed a Bill amending the Payment and Settlement Systems Act, 2007, giving the government power to permit banks and payment providers to levy charges on UPI and…
Bill to enable UPI MDR tabled, no decision yet: Sitharaman
The government has tabled a bill in the Lok Sabha to amend the Payment and Settlement Systems Act, 2007, removing the blanket ban on merchant discount rate (MDR) for UPI transactions. Finance…
Income Tax Dues Can Be Paid Using Credit Cards, With Charges
Taxpayers can pay certain income tax dues, including advance tax, self-assessment tax and outstanding demand, through credit cards on the income tax department’s e-filing portal. Payments can be made through the e-pay…
RBI Publishes Payment System Authorisation Register
The Reserve Bank of India has published a page listing certificates of authorisation issued under the Payment and Settlement Systems Act, 2007. The certificates concern entities setting up and operating payment systems…
Lok Sabha Clears Legal Route for UPI and RuPay Charges
The Lok Sabha passed amendments to the Payment and Settlement Systems Act, 2007, allowing the government to permit charges on UPI, RuPay debit cards and other notified electronic payments. The Bill does…
UPI Payments Alone Do Not Trigger Income Tax Notices
Digital payments through UPI, NEFT, RTGS or IMPS do not automatically lead to an income tax notice. The Economic Times reports that scrutiny usually begins when transaction records do not match income…
UPI transactions hit record ₹29.9 lakh crore in July 2026
UPI transactions in July 2026 crossed ₹29.88 lakh crore in value, up 19% from a year ago, with 23.66 billion transactions, the National Payments Corporation of India data shows. This beats May's…
UPI MDR Decision Pending, Merchants May Face Charges Above Rs 2,000
Finance Minister Nirmala Sitharaman said any Merchant Discount Rate on UPI would apply to merchants, not customers. She added that no final decision has been taken. The proposed legal change would allow…
