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 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 government has categorically denied plans to levy charges on UPI payments such as PhonePe and Google Pay, after a viral video and social media posts claimed users would soon pay a…
The Telangana Anti-Corruption Bureau (ACB) arrested four government officials in separate bribe cases between August 20 and 22. Panchayat Secretary J Varalaxmi was caught on Friday, August 21, for demanding Rs 20,000…
ThePrint reports that India's UPI needs reform but warns against US pressure. The US Trade Representative's 2026 report says American firms cannot compete fairly in UPI. PhonePe and Google Pay control 80%…
PhonePe has signed a Memorandum of Understanding with the Ministry of Electronics and Information Technology to integrate its data intelligence platform, PulsePro, into the PM GatiShakti National Master Plan portal. The collaboration…
Sachin Bansal-led Navi increased its UPI market share to 4% in July from 3.7% in June, according to NPCI data cited by Inc42. The fintech startup processed 94.7 crore transactions worth Rs…
PhonePe CEO Sameer Nigam has assured users that UPI payments will remain free for consumers, pushing back against speculation after the Lok Sabha passed the Taxation and Other Laws (Amendment) Bill, 2026.…
PhonePe has launched a fixed deposit distribution platform on its app, letting users compare and book FDs from multiple banks and NBFCs. It also introduced a Daily Recurring Deposit (RD) with Shivalik…
