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 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…
Afcons Infrastructure shares surged up to 19.23% on 15 September after four straight sessions of decline, as hopes of a Tata Sons public listing boosted investor sentiment. The stock touched an intraday…
The central government has barred banks and payment providers from charging any fee on UPI transactions up to Rs 2,000, citing Section 10A of the Payment and Settlement Systems Act 2007. The…
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'…
India on Monday notified changes to the Payment and Settlement Act, 2007, barring banks from imposing any direct or indirect charges on Unified Payments Interface (UPI) transactions and RuPay-powered debit card payments…
The government has notified that no bank or system provider shall impose any direct or indirect charge on Unified Payments Interface (UPI) transactions up to Rs 2,000 and on RuPay debit card…
India's wholesale price index-based inflation rose to 9.92% in August, from 9.78% in July, driven by higher prices of food, fuel, and manufactured items, government data showed on Monday. The Commerce and…
