The Payments Council of India has assured that UPI will remain free for consumers and small merchants such as kirana stores, countering speculation triggered by a parliamentary amendment. The Payment and Settlement…
RBI Governor Sanjay Malhotra called discussions on Merchant Discount Rate (MDR) for digital payments premature, urging stakeholders to wait and watch. He said investment in public payment infrastructure requires someone to pay,…
Consumers and small merchants will not have to pay any charge for using UPI, the Payments Council of India has said. The clarification came after the Lok Sabha passed a Bill amending…
लोकसभा द्वारा भुगतान और निपटान प्रणाली अधिनियम 2007 में संशोधन विधेयक पारित किए जाने के बाद UPI लेनदेन पर मर्चेंट डिस्काउंट रेट (MDR) लगाने की चर्चा तेज हो गई है। आर्थिक थिंक…
Indian online stores lose 70.22% of sales to cart abandonment, reports show. The checkout stage, not advertising, decides whether a purchase is completed or dropped. A checkout suited to India must support…
The Lok Sabha on Thursday passed a Bill amending the Payment and Settlement Systems Act, 2007, giving the government power to permit banks and payment providers to levy charges on UPI and…
The government has tabled a bill in the Lok Sabha to amend the Payment and Settlement Systems Act, 2007, removing the blanket ban on merchant discount rate (MDR) for UPI transactions. Finance…
The Lok Sabha passed amendments to the Payment and Settlement Systems Act, 2007, allowing the government to permit charges on UPI, RuPay debit cards and other notified electronic payments. The Bill does…
Digital payments through UPI, NEFT, RTGS or IMPS do not automatically lead to an income tax notice. The Economic Times reports that scrutiny usually begins when transaction records do not match income…
The Lok Sabha passed the Taxation and Other Laws (Amendment) Bill, 2026, without discussion on Thursday, The Hindu BusinessLine reports. It amends the Payment and Settlement Systems Act, 2007, the Income Tax…
