#upi
UPI MDR Charges: Will small-value transactions be impacted? What's Person-to-Merchant (P2M) fees? Details inside
From October 15, a new MDR framework will apply to UPI merchant payments above ₹2,000. But not all merchants or transactions will be affected. Here’s what the new rules mean for customers, small vendors and select sectors.
Industrial marketplace Pneucons disables UPI on orders from Oct 10, co-founder says ‘MDR ate 94% of our margins’
Starting October 10, Pneucons will discontinue UPI payments after government imposed a 0.4% MDR charge on orders over ₹2,000, which the company's co-founder says will take a significant toll on its margins. Details here.
There could be a pretty big global shock, says Nobel laureate & economist Michael Spence
Michael Spence highlights the economic growth of India and China, noting India's potential growth trajectory. He emphasizes India's advancements in digital infrastructure, particularly in digital financial services like UPI. Spence discusses the significance …
UPI MDR Charges: Start date, slabs and why is this Merchant Discount Rate being introduced now? All questions answered
The Centre will soon implement Merchant Discount Rate (MDR) fees on specific UPI transactions. Today we answer what the UPI MDR charge means, the start date, slabs, and why this is being introduced now…
Over 550 mn UPI users, 69 mn MF investors and 50 mn stock buyers — why are millions still not investing? Report decodes
India's digital financial ecosystem has seen rapid payment growth, but investment in mutual funds and equities remains low. An EY report reveals a gap in participation despite over 550 million UPI users. Details here.
‘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).
UPI MDR kicks in October 15: Why NPCI expects no hit to transaction volumes
NPCI CEO Dilip Asbe said the new Merchant Discount Rate is unlikely to materially affect UPI transaction volumes, with the additional revenue expected to be reinvested in payment infrastructure and technologies such as soundboxes and AI.
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)
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…
‘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
Rajnath credits ‘Modinomics’ for India’s economic growth
Rajnath Singh credits PM Modi’s “Modinomics” for India’s 7.8% growth, citing UPI surge, defence output rise and exports, and Bengal’s potential.
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.
Xflow partners with HSBC to collect payments from Indian users for global businesses; here's why it is important
Xflow partners with HSBC to help global businesses collect payments from Indian customers through UPI, cards and net banking without setting up a local entity.
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.
India must not rewrite its UPI policies under US pressure: GTRI
Zero MDR contributed significantly to this growth by allowing consumers, small shops and roadside vendors to make and receive payments without transaction charges: GTRI
It’s time for India’s Unified Payments Interface to fund itself—without burdening people at large
Public infrastructure attracts capital if users are ready to pay fair and transparent usage charges. In the case of NPCI’s UPI too, the user-pays principle should apply. Let the Reserve Bank of India’s e-rupee serve as the country’s digital cash.
Biometric UPI transactions top 600 million in June , says NPCI
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
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.
EPFO 3.0: Withdrawing 75% of PF money through ATM? Here’s how it impacts your pension
EPFO 3.0 introduces a fully digital system for EPF withdrawals, allowing members to access funds via UPI and ATMs.