The Supreme Court on 28 September refused to stay the Centre’s decision to levy a 0.4% Merchant Discount Rate (MDR) on specified UPI person-to-merchant transactions above Rs 2,000, but directed the Centre,…
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…
The government will introduce a Merchant Discount Rate (MDR) of 0.4% on UPI payments above Rs 2,000 from October 15. Individual users will not pay the fee, only merchants will. The fee…
Only about 10% of the total value of UPI transactions subject to the new merchant discount rate (MDR) faces a risk of the charge being passed on to consumers, National Payments Corporation…
The National Payments Corporation of India (NPCI) launched MyUPI, an AI-powered chatbot built on its in-house small language model FiMI, at the Global Fintech Fest on September 10. The platform is meant…
India's Unified Payments Interface (UPI) will cease to be free from October 15, after regulators permitted a 0.4% merchant discount rate (MDR) on transactions above Rs 2,000. Brokerage Bernstein estimates the fee…
The National Payments Corporation of India (NPCI) has said that GST on the Merchant Discount Rate (MDR) for UPI transactions will not burden small merchants. Transactions up to Rs 2,000 will continue…
Petrol pump dealers in Madhya Pradesh will stop accepting UPI payments above Rs 2,000 from October 16, protesting the new merchant discount rate (MDR) that applies to larger transactions. The Madhya Pradesh…
The National Payments Corporation of India (NPCI) has issued a consolidated circular allowing eligible users to link pre-sanctioned credit lines to UPI apps for payments. The framework, released on 18 September, covers…
Indian Oil Corporation (IOC) has dismissed as fake a social media message claiming petrol pump owners in Madhya Pradesh will stop accepting UPI payments above Rs 2,000 in protest against merchant fees.…
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.