Finance Minister Nirmala Sitharaman said merchant discount rate, if introduced for UPI payments, would apply to merchants and not customers. She also said no final decision has been taken. The Lok Sabha…
The Lok Sabha passed a Bill amending the Payment and Settlement Systems Act, allowing the Centre to notify electronic payment modes on which banks and payment providers may levy charges. The legislation…
The Lok Sabha on August 6 passed the Taxation and Other Laws (Amendment) Bill, 2026, allowing the government to later modify the zero-MDR framework for UPI and RuPay transactions. The Bill now…
Mumbai's cyber financial fraud helpline 1930 blocked Rs 162 crore in stolen money between January and July this year, according to the Times of India. Since its launch in 2022, the helpline…
Delhi Police arrested two Jodhpur men accused of supplying mule bank accounts to cyber fraud syndicates. The arrests followed a complaint from a man who lost Rs 2.84 lakh in a part-time…
The Lok Sabha on Thursday passed the Taxation and Other Laws (Amendment) Bill, 2026, enabling the Centre to permit charges on UPI, RuPay and other notified electronic payments. The Bill removes the…
The Payments Council of India (PCI) clarified on Friday that UPI transactions will remain free for consumers and small merchants, including kirana stores, allaying fears of possible charges. The assurance came amid…
Tamil Nadu’s state-run TASMAC is introducing online liquor ordering, with customers able to view prices and live stock, pay digitally and collect bottles from a chosen outlet using a QR code. There…
UPI payments have so far been free for users. The government has introduced an amendment to the Payment and Settlement Systems Act, 2007, which would remove the legal provision requiring zero charges…
