NPCI has released the Merchant Discount Rate (MDR) framework for UPI transactions, effective 15 October 2026. The new rules apply only to select Person-to-Merchant (P2M) payments above Rs 2,000, while all Person-to-Person…
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…
The government has passed a law enabling it to impose charges on UPI, but Finance Minister Nirmala Sitharaman assured Parliament that no transaction fee will be levied on users or small merchants.…
वित्त वर्ष 2026-27 के पहले चार महीनों (अप्रैल-जुलाई) में UPI ट्रांजैक्शन वॉल्यूम 92 बिलियन रहा, जो पिछले साल की समान अवधि के 74.5 बिलियन से 23.5% अधिक है। यह ग्रोथ दर पिछले…
Finance Minister Nirmala Sitharaman told Parliament on Monday that consumers will not pay any charge on UPI transactions and that small merchants and kirana stores are exempt from MDR. She was replying…
The finance ministry has clarified that consumers will not pay any transaction charges for using UPI. Any future Merchant Discount Rate (MDR), if introduced, would apply only to a limited set of…
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…
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.