UPI will carry a 0.4% MDR on P2M transactions above Rs 2,000 from October 15, 2026. Payment executives explain why they want ...

The National Payments Corporation of India (NPCI) will introduce a 0.4% merchant discount rate (MDR) on Unified Payments Interface (UPI) transactions exceeding Rs2,000 ($20.8) with the charges to be a ...

Stockbroking firms argue that fund additions to customers’ broking accounts are similar to a person-to-person money transfer, ...

The new UPI MDR rule is set to take effect from October 15. Here’s what merchants need to know about the change.

Sources say the government is weighing checks to ensure merchants do not pass the proposed UPI MDR cost on to consumers as ...

Select UPI merchant transactions will incur a Merchant Discount Rate. However, transactions under two thousand rupees will ...

Starting 15 October, the Centre will monitor UPI merchant discount rate (MDR) charges daily to ensure banks and payment aggregators do not pass these costs onto consumers.

Since currently no MDR is charged on UPI transactions, there is consequently no GST.” With these words, the Central Board of ...

Tackling industry anxieties head-on at the Bengal Chamber of Commerce & Industry's (BCC&I) Financial Market Conclave in ...

The government is in talks with payment aggregators and platforms to ensure merchants do not pass the new Merchant Discount ...

The government is set to work with payment aggregators and platforms to ensure merchants do not pass the UPI merchant ...

A trade body in Jharkhand, FJCCI, has urged the Union Finance Minister to withdraw the proposed 0.4% Merchant Discount Rate ...