Supreme Court refuses to stay UPI charges on payments above Rs 2,000
The Supreme Court on Monday declined to put an interim stay on the government's decision to levy a merchant discount rate (MDR) on UPI payments above Rs 2,000. A bench led by…
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Supreme Court seeks Centre’s affidavit on UPI MDR charges, refuses stay
The Supreme Court on Monday refused to stay the Centre's decision to levy a 0.4% Merchant Discount Rate (MDR) on specified UPI person-to-merchant transactions above Rs 2,000, but sought an affidavit from…
UPI users beware splitting bills to avoid MDR may trigger fraud alerts
From 15 October, UPI person-to-merchant (P2M) transactions above Rs 2,000 will attract a 0.4 per cent Merchant Discount Rate (MDR), with a cap of Rs 300 for payments over Rs 75,000. Transactions…
Samsung Wallet adds fingerprint UPI payment in India up to Rs 10,000
Samsung has introduced fingerprint-based authentication for UPI payments through Samsung Wallet in India. Galaxy users can now authorise transactions worth up to Rs 10,000 without entering their UPI PIN, using the device's…
Traders in Maharashtra, MP call for No UPI Day on October 2
Traders across Maharashtra will observe 'No UPI Day' on October 2, Gandhi Jayanti, protesting the government's decision to impose a 0.4% Merchant Discount Rate (MDR) on UPI transactions above Rs 2,000. The…
Only 10% of UPI value may face consumer charges, says NPCI chief
National Payments Corporation of India (NPCI) managing director and CEO Dilip Asbe has said that only about 10% of the total value of UPI transactions carries the risk of charges being passed…
UPI merchant fee of 0.4% on payments over Rs 2,000 from October 15
The government will introduce a Merchant Discount Rate (MDR) of 0.4% on UPI payments above Rs 2,000 from October 15. Individual users will not pay the fee, only merchants will. The fee…
NPCI CEO says only 10% of UPI value faces MDR pass-through risk
NPCI CEO Dilip Asbe has said only 10% of UPI transaction value comes from merchants that do not yet accept credit cards, the segment that may face consumer pass-through risk under the…
NPCI launches AI chatbot MyUPI but key features missing
The National Payments Corporation of India (NPCI) launched MyUPI, an AI-powered chatbot built on its in-house small language model FiMI, at the Global Fintech Fest on September 10. The platform is meant…
Check these 7 bank transactions now or risk losing money
NDTV has listed seven types of bank transactions that customers should check immediately to avoid financial loss. These include failed transactions where money is debited but not credited, unfamiliar debits from unknown…
