The government has notified that no fees can be charged on UPI transactions up to Rs 2,000, but a Merchant Discount Rate (MDR) of 0.4% will apply on person-to-merchant payments above that…
The government on Tuesday announced a 0.4% Merchant Discount Rate (MDR) on person-to-merchant UPI transactions above Rs 2,000, effective October 15. The MDR is capped at Rs 300 for transactions of Rs…
The government has introduced a 0.4% Merchant Discount Rate (MDR) on UPI person-to-merchant transactions above Rs 2,000, effective October 15, ending the zero-MDR regime that began in January 2020. The fee is…
The National Payments Corporation of India (NPCI) will impose a 0.4% Merchant Discount Rate (MDR) on person-to-merchant UPI transactions above Rs 2,000 from October 15, 2026. The fee is capped at Rs…
The National Payments Corporation of India has introduced a 0.4% Merchant Discount Rate on UPI person-to-merchant transactions above Rs 2,000, effective from October 15, 2026. Customers will not pay the charge directly.…
The National Payments Corporation of India has notified a 0.4% Merchant Discount Rate on person-to-merchant UPI transactions above Rs 2,000, effective from October 15, 2026. The MDR is capped at Rs 300…
Congress leaders Rahul Gandhi and Jairam Ramesh on Tuesday accused the Modi government of paving the way for fees on UPI transactions above Rs 2,000, saying this would ultimately hit consumers and…
The government has barred banks and payment system providers from charging fees on Unified Payments Interface (UPI) transactions up to Rs 2,000 and RuPay debit card payments, under a notification issued on…
The government has notified that no charges can be imposed on UPI transactions of up to Rs 2,000 or on RuPay debit card payments. The finance ministry issued the clarification under Section…
The National Payments Corporation of India (NPCI) launched two new UPI features at the Global Fintech Fest 2026 in Mumbai on Thursday, with RBI Governor Sanjay Malhotra present. The 'Tap & Pay'…
