UPI to charge Rs 2 plus tax on large payments from April
Digital payments via Unified Payments Interface (UPI) will incur a charge from 1 April 2025. A fee of Rs 2 plus 18% GST will apply on transactions above a certain threshold paid…
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Ghaziabad traders protest UPI MDR with ‘cash only’ notices
Traders in Ghaziabad have put up notices outside their shops stating 'UPI Payment Will Not Be Accepted' and 'Cash Only From October 15'. The move is a protest against the proposed merchant…
Govt rules out UPI fee rollback as Congress cries surrender
The government has ruled out any rollback of the 0.4% Merchant Discount Rate (MDR) on UPI merchant transactions above Rs 2,000, effective from October 15. A senior official said the decision is…
Sebi gets broker appeal against new UPI fee for market transfers
Brokers have moved Sebi to protest the proposed 0.02% merchant discount rate on UPI transfers for capital market transactions, effective 15 October. The BSE Brokers' Forum told the regulator the fee could…
Govt rules out review of UPI fee on merchant payments above Rs 2,000
The government has ruled out a review of the UPI transaction fee on merchant payments above Rs 2,000, sources told NDTV Profit. The decision comes amid concerns from merchants and industry bodies…
UPI fee on payments above Rs 2,000 from October 15
The government will levy a 0.4% merchant discount rate (MDR) on UPI person-to-merchant transactions above Rs 2,000 from October 15, ending six years of a zero-fee network for merchants. Person-to-person transfers and…
Centre denies foreign influence on UPI charges, rejects rethink
The finance ministry has denied opposition claims that foreign pressure led to the decision to impose a 0.4 per cent Merchant Discount Rate on UPI transactions above Rs 2,000 from October 15.…
Niti VC defends UPI fee, Congress calls it Modi Tax
The government has introduced a 0.4% Merchant Discount Rate (MDR) on UPI person-to-merchant payments above Rs 2,000, effective October 15. NITI Aayog vice chairman Ashok Kumar Lahiri defended the move, saying businesses…
Petroleum dealers, Supreme Court petition challenge new UPI MDR
Petrol pump dealers and a Supreme Court petitioner have challenged the government’s new Merchant Discount Rate (MDR) on UPI transactions above Rs 2,000, set to take effect from 15 October. The All…
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,…
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.