Tag Archives: UPI

a 0.4 per cent Merchant Discount Rate (MDR) will apply to specified Person-to-Merchant (P2M)

For years, paying through UPI has felt almost like using cash: scan a QR code, [...]

Retailers’ body on new UPI merchant fee — ‘Think twice about accepting cash’

The government is set to end free UPI payments after six years, introducing a 0.4% [...]

Sounding an alarm over the new charge on some UPI transactions over Rs 2,000, the Retailers

Sounding an alarm over the new charge on some UPI transactions over Rs 2,000, the [...]

Some claims suggest the change is due to foreign influence

This is false. "Some claims suggest the change is due to foreign influence. The Union [...]

Explaining the decision to impose a charge on some UPI transactions over Rs 2,000, highly

They emphasised that, despite stringent criticism from the Opposition, the move will not be rolled [...]

‘Goal to build…’ — Centre debunks ‘external pressure’ myth over ‘foreign influence’

The government on Wednesday debunked claims that its decision to levy Merchant Discount Rate (MDR) [...]

Will you pay for sending money or shopping? 5 things that remain free — New UPI charges

The government has announced that the new Unified Payments Interface (UPI) framework will not impose [...]

‘Modi tax’: Opposition criticises Centre over UPI charges on merchant transactions; Rahul, Kharge

The Opposition on Tuesday slammed the BJP government over its decision to introduce a 0.4 [...]

However, the NPCI clarified that merchants on-boarded cannot pass on MDR charges to customers

The announcement of a 0.4% Merchant Discount Rate (MDR) on UPI payments above ₹ 2,000 [...]

India’s click-and-pay UPI services will attract a fractional charge above Rs 2,000 for merchant

India's click-and-pay UPI services will attract a fractional charge above Rs 2,000 for merchant payments, [...]