ISB study warns UPI MDR may hit small vendor margins
A study by the Indian School of Business (ISB) has found that over 45% of small vendors in Tier 2 and Tier 3 cities, and 53% in Tier 1 cities, may reduce…
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0.4% MDR charge on UPI over Rs 2,000 deferred by NPCI after festive season
The National Payments Corporation of India (NPCI) has deferred the proposed 0.4% Merchant Discount Rate (MDR) charge on UPI transactions above Rs 2,000, pushing its implementation to after the Diwali festival season.…
UPI users beware splitting bills to avoid MDR may trigger fraud alerts
From 15 October, UPI person-to-merchant (P2M) transactions above Rs 2,000 will attract a 0.4 per cent Merchant Discount Rate (MDR), with a cap of Rs 300 for payments over Rs 75,000. Transactions…
GST Council to meet on 7 October, focus on process reforms
The GST Council will meet in New Delhi on 7 October, with the agenda centred on simplifying compliance for businesses. Government sources said the meeting will discuss invoice filing and matching, input…
UPI MDR fee of 0.4% from Oct 2026 worries retailers, ex-officials
The All India Mobile Retailers Association has warned Finance Minister Nirmala Sitharaman that a 0.4% merchant discount rate (MDR) on UPI transactions above Rs 2,000, effective October 15, 2026, will wipe out…
UPI MDR: Government rules out rethink, traders push cash
The government has ruled out any rethink on the 0.4% Merchant Discount Rate (MDR) on UPI person-to-merchant transactions above Rs 2,000, effective October 15. The Finance Ministry denied allegations of foreign influence,…
UPI merchant fee of 0.4% on big payments from 15 October
The government will apply a 0.4 per cent Merchant Discount Rate on UPI payments above ₹2,000 from 15 October, but only on merchants whose monthly UPI collections exceed ₹1 lakh. The charge,…
BJP backs UPI fee, NCP(SP) says it will hit consumers
The RBI has backed the new 0.4% Merchant Discount Rate (MDR) on UPI payments above Rs 2,000 from October 15, calling it a step towards long-term sustainability. The BJP defended the charge,…
NPCI imposes 0.4% merchant fee on UPI payments above Rs 2,000
The National Payments Corporation of India (NPCI) on Tuesday announced a 0.4% merchant discount rate (MDR) on unified payments interface (UPI) person-to-merchant transactions above Rs 2,000, effective October 15. Consumers will not…
New UPI MDR: Flat ₹5 fee on big telecom, rail, fuel bills
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…
Ashin Xavier: interesting
IO Repro: Repro test v4 after fix 2 Oct. Safe to trash.
IO Repro: Repro test v3 after fix 2 Oct. Safe to trash.
IO Repro: Repro test after fix 2 Oct. Safe to trash.