Govt defers 0.4% merchant discount rate on UPI payments The government on Tuesday has deferred the…
Tag: NPCI
‘No burden for consumers’: Sitharaman clarifies who will pay MDR on UPI transactions
Finance minister Nirmala Sitharaman Union finance minister Nirmala Sitharaman has backed the recently announced Merchant Discount…
UPI MDR is coming: Can a Rs 6,000 bill be split into three Rs 2,000 payments to avoid charges? For now, NPCI has no daily cap
NPCI reportedly does not currently plan to introduce a separate daily limit on repeated UPI payments.…
MDR charges explained: Who will pay how much for UPI?
MDR and PPIs to digital wallets and bank-to-bank UPI transfers explained (file photo) From October 15,…
UPI charges from October 15: 0.4% MDR on payments above Rs 2,000, but flat Rs 5 fee for railway tickets, fuel, insurance and utilities; sending money to friends, family, Autopay for OTT stays free
The MDR will have to be borne by merchants. Larger retailers, online platforms and restaurants, among…
MDR on person-to-merchant UPI payments above Rs 2,000: Who pays and what changes for you? FAQs answered
MDR applicability is determined by overall merchant account categorisation. A Merchant Discount Rate (MDR) of 0.4%…
MDR on UPI notified: NPCI says 0.4% fee applicable on person-to-merchant transactions above Rs 2,000 effective October 15, 2026
The National Payments Corporation of India (NPCI) has notified a Merchant Discount Rate (MDR) of 0.4%…
AI agents may soon be able to make UPI payments for users: How it may work, what will be allowed and what not
NPCI may soon allow AI agents to make UPI payments on your behalf. A Reuters report…
Your AI may soon be able to pay for things through UPI without asking every single time: Here is how India plans to control it
India’s digital payment journey has evolved from passwords, PINs and OTPs to fingerprints and facial authentication,…
UPI gets festive boost: Digital payments hit a record 24.51 billion transactions in August
Digital payments hit a record 24.51 billion transactions in August Unified Payments Interface (UPI) hit a…