The government said that the overwhelming majority of merchant transactions on UPI will continue to remain…
Tag: UPI transactions
Will you have to pay to use UPI? 7 FAQs on possible MDR and what it means for consumers answered
UPI has always been free for consumers since its launch in 2016. (Image: Stock.adobe) Will you…
Will you have to pay to use UPI? FM Sitharaman clarifies who bears MDR
Union finance minister Nirmala Sitharaman speaking during the Monsoon session of Parliament Finance minister Nirmala Sitharaman…
Merchant charges for UPI soon? LS passes bill authorising govt to allow banks to levy fees – top facts
Government is likely to permit banks and payment service providers to levy a merchant discount rate…
Taxation bill to promote electronic manufacturing clears LS; allows provision for MDR on UPI transactions
The Taxation and Other Laws (Amendment) Bill is aimed at drawing more foreign capital into India.…
Consumers already bearing UPI costs through broader economy: RBI governor Sanjay Malhotra
Reserve Bank of India (RBI) Governor Sanjay Malhotra gestures on MPC policy NEW DELHI: RBI governor…
Merchant Discount Rate on UPI transactions? Amendments to payments act may pave way – what it means
Policymakers are evaluating two broad models for introducing a Merchant Discount Rate for UPI payments. India…
UPI transactions touch Rs 76cr/day, FASTag declines
MUMBAI: UPI transactions scaled new highs in July 2026, while NETC FASTag transactions declined on a…
Msme Loans: Just 14% of MSMEs get formal loans despite India’s digital finance boom: Report
According to the report, India’s MSME credit gap stood at around Rs 25 lakh crore as…
May saw most digital payments: UPI clocked its biggest month; transactions surpass Rs 29.90 lakh crore
India’s digital payments network continued its rapid expansion in May, with Unified Payments Interface (UPI) transactions…