UPI transactions in July 2026 crossed ₹29.88 lakh crore in value, up 19% from a year ago, with 23.66 billion transactions, the National Payments Corporation of India data shows. This beats May's…
Finance Minister Nirmala Sitharaman said any Merchant Discount Rate on UPI would apply to merchants, not customers. She added that no final decision has been taken. The proposed legal change would allow…
Finance Minister Nirmala Sitharaman said merchant discount rate, if introduced for UPI payments, would apply to merchants and not customers. She also said no final decision has been taken. The Lok Sabha…
Jharkhand Chief Minister Hemant Soren on Friday offered talks with students protesting against alleged irregularities in recruitment exams, announcing major reforms. The protests, led by thousands, include a hunger striker who said,…
The Lok Sabha passed a Bill amending the Payment and Settlement Systems Act, allowing the Centre to notify electronic payment modes on which banks and payment providers may levy charges. The legislation…
The Lok Sabha on August 6 passed the Taxation and Other Laws (Amendment) Bill, 2026, allowing the government to later modify the zero-MDR framework for UPI and RuPay transactions. The Bill now…
The Lok Sabha on Thursday passed the Taxation and Other Laws (Amendment) Bill, 2026, enabling the Centre to permit charges on UPI, RuPay and other notified electronic payments. The Bill removes the…
The Payments Council of India (PCI) clarified on Friday that UPI transactions will remain free for consumers and small merchants, including kirana stores, allaying fears of possible charges. The assurance came amid…
UPI payments have so far been free for users. The government has introduced an amendment to the Payment and Settlement Systems Act, 2007, which would remove the legal provision requiring zero charges…
Money moved over India's Unified Payments Interface has cost users nothing so far, but that could change under the Taxation and Other Laws (Amendment) Bill, 2026, which would empower the government to…
