The government has introduced a 0.4% Merchant Discount Rate (MDR) on UPI merchant payments above Rs 2,000, effective October 15, 2026. The National Payments Corporation of India (NPCI) says customer-to-customer transfers and…
The Congress on Wednesday accused the Modi government of yielding to US demands by ending zero Merchant Discount Rate (MDR) on UPI, calling the move "Narendra's Ongoing Trump Appeasement." Congress leader Jairam…
The government has launched OneTag, a portability service that lets FASTag users change their issuer bank without replacing the physical tag on the windscreen. Union Road Transport Minister Nitin Gadkari unveiled it…
Merchants accepting UPI payments above Rs 2,000 will pay a 0.4% fee from October 15, under a framework cleared by the UPI & services steering committee headed by the National Payments Corporation…
From 15 October, a new merchant discount rate (MDR) framework for select UPI transactions above Rs 2,000 will take effect. Customers will not pay MDR directly, it is a charge on merchants.…
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…
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…
A 0.4% Merchant Discount Rate (MDR) on UPI payments above Rs 2,000 will take effect on October 15. Transactions up to Rs 2,000 and all person-to-person transfers remain free. Merchants in utilities,…
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…
The government will levy a 0.4% Merchant Discount Rate (MDR) on UPI person-to-merchant payments above Rs 2,000 from October 15, with a cap of Rs 300 for transactions of Rs 75,000 and…
