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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UPI average daily value crosses Rs 1 lakh crore in October
Unified Payments Interface (UPI) processed its highest-ever month in October 2026, with average daily transactions worth Rs 1.01 lakh crore, according to NPCI data. The platform recorded 25.47 billion transactions totalling Rs…
IIIT Hyderabad, NPCI sign MoU for digital payment cybersecurity
IIIT Hyderabad and the National Payments Corporation of India (NPCI) signed a memorandum of understanding on 24 October 2026 to collaborate on cybersecurity for India’s digital payments ecosystem. The partnership, led by…
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.…
NPCI chief Dilip Asbe joins Swift supervisory board
National Payments Corporation of India managing director Dilip Asbe was appointed an independent director on Swift’s new 15-member supervisory board on Thursday (8 October 2026). Swift, the global financial messaging network, has…
Traders observe ‘No UPI Day’, MDR protest splits cities
Traders across India observed a 'No UPI Day' on Friday, 2 October, with participation varying sharply by city and sector, as reported by Times of India, The Hindu and Freepress Journal. In…
UPI MDR fee set for Oct 15, helpline strengthened
The new merchant discount rate (MDR) on UPI payments will take effect on 15 October, with the Department of Consumer Affairs strengthening the National Consumer Helpline to handle complaints, Livemint reports. For…
Traders withdraw No UPI Day protest after FM meeting
Trade bodies the All India Consumer Products Distributors Federation (AICPDF) and the All India Mobile Retailers Association (AIMRA) have withdrawn their proposed 'No UPI Day' protest scheduled for October 2, after a…
Supreme Court refuses to stay UPI charges on payments above Rs 2,000
The Supreme Court on Monday declined to put an interim stay on the government's decision to levy a merchant discount rate (MDR) on UPI payments above Rs 2,000. A bench led by…
October 1 brings rule changes on ATM, FD, UPI, NPS and LPG
From October 1, several financial rule changes take effect. SBI will reduce free monthly ATM transactions for salary account holders at other banks from 10 to five. The RBI will require banks…
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.