#digital-payments
‘No UPI Day’ to protest proposed MDR affects sales for city traders
Pune traders observe “No UPI Day” as 600 wholesalers and 10,000 retailers protest proposed MDR charges on some UPI payments, citing thin margins and sales hit.
Free Instant Payments Still Need a Revenue Model
Instant payments may look free to the person tapping “send,” but somebody must pay to keep the money moving around the clock. News surrounding India’s instant payments framework shows some of the economics underpinning faster funds. Beginning Oct. 15, a 0.4% …
UPI volume rises 27% to touch 145 billion in first half of FY27
This is against UPI volume 114 billion in during the April-September quarter of the previous financial year, according to data released by the National Payments Corporation of India (NPCI).
Proposed 0.4% UPI MDR could recover Rs 15,000 crore in first year: NPCI chief
Gold may have pushed silver into the spotlight, but the shift is not just about price. Younger Indians, in particular, are looking at silver differently, seeking jewellery they can experiment with and wear more often — something that is harder to do with gold…
75% of merchants insulated from UPI MDR, says NPCI CEO Dilip Asbe
Asbe explained that about 80 per cent of the total MDR value collected will come from businesses that record more than ₹1,000 crore in annual gross merchandise value (GMV)
Apple Pay is heading to India next month with Axis Bank first, Reuters reports
Apple Pay is expected to launch in India next month, beginning with credit cards issued by Axis Bank, three people familiar with the plans told Reuters. Apple declined to comment. So, in effect, did everybody else. The service will widen to other lenders thro…
Merchant fee on UPI payments leaves traders counting costs in Hyderabad
Traders in Hyderabad are worried about the new 0.4% Merchant Discount Rate. This charge applies to specified UPI person-to-merchant transactions exceeding two thousand rupees. The additional cost could significantly impact businesses operating with thin profi…
Apple Pay eyes India rollout, starting with Axis Bank credit cards
The launch, starting with a single major banking partner, would help the US company offer its payment service in the world's most populous country
‘May have to go back to cash’: Traders on UPI MDR
Delhi traders warn they may revert to cash after govt imposes 0.4% MDR on UPI payments above Rs 2,000; small merchants get exemption, MDR can’t be passed on.
PIL in SC challenges 0.4% MDR on UPI transactions above ₹2,000 in India
Petitioner questions the amended payment law, lack of gazette publication and differing treatment of UPI and RuPay debit-card transactions under the new framework
The next frontier
Digital-payment trail can improve risk assessment for lending
RAI warns UPI merchant fee could push small retailers back towards cash
Industry body says the charge could drive small merchants back to cash, weaken formalisation and undermine digital payment adoption during the festive season across India.
UPI fee: Traders fear cost will be passed on to consumers
Patna traders and RJD oppose 0.4% UPI fee on transactions above Rs 2,000, warning merchants will pass MDR charges to consumers, raising bills.
NPCI launches tap-to-pay, unified UPI services window
The ‘Tap & Pay’ feature allows users to make UPI payments at point-of-sale terminals by unlocking their phones and tapping them on compatible devices, without opening a UPI app.
Biometric UPI transactions top 600 million in June , says NPCI
South Indian households top multi - service digital financial services adoption : Report
India's UPI to integrate with Indonesia's payment system, says PM Modi
India's UPI will integrate with Indonesia's payment system, enhancing cross-border transactions and strengthening economic ties between the nations.
India Launches UPI in Greece , Expands Global Digital Payments
11 years of Digital India : UPI leads India digital revolution with over 24 , 000 Cr transactions in FY 2025 - 26
Top 10 UPI Apps by Market Share in India
Singapore - based fintech company Aleta aims to expand operations into India
Bringing us closer : PM Modi announces wider UPI rollout , education initiatives in France | India News
Bringing India And France Closer : PM Modi Announces Expansion Of UPI Across France
PhonePe, Google Pay duopoly weakens as market share slips below 80%
IPO-bound PhonePe saw its market share slip marginally to 46.3% in May, from 46.5% in the same month last year, while Google Pay’s share fell to 32.7% from 36.1% in May 2025.
Digital payments have significant room for expansion ; no slowdown in transaction growth : Paytm CEO
RBI exploring kill switch for all debit transactions to prevent digital payment frauds
What Foreign Merchants Miss in India
Sellers entering India often underestimate how deeply the Unified Payments Interface and localized checkouts drive sales. The post What Foreign Merchants Miss in India appeared first on Practical Ecommerce.
From DigiLocker to BHIM UPI, 5 must-have govt apps to speed up digital payments and access public services faster
Skip the paperwork with these must-have government apps in India that simplify digital payments, travel, transport services, and secure document storage for a faster and smarter digital lifestyle.
Temasek - backed India Pine Labs posts Q4 profit on digital payments boost
New financial services features on app to help work in collaboration with banks, says NPCI BHIM Services MD
NPCI BHIM Services plans new app features to enhance collaboration with banks and improve profitability, says MD Lalitha Nataraj.