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If a retailer is still trying to understand the rules after the announcement, uncertainty itself becomes a cost.

My egg vendor asked me to bring cash after October 15. That is UPI’s real MDR problem

UPI has transformed everyday payments in India, but its new MDR brings fresh questions. The bigger issue is how the…

Updated: October 2, 2026 07:51 IST

Your Rs 2,000+ UPI payment: Will the merchant ask you to pay differently?

UPI MDR: Will Rs 2,000+ payments move back to cards, cash or other options?

UPI MDR of 0.4% will apply to specified person-to-merchant UPI payments above Rs 2,000 from October 15. While consumers will…

September 29, 2026 19:17 IST

The share of person-to-merchant UPI transactions above Rs 2,000 stands at 20% currently. It has increased from around 15% in FY23.

UPI MDR to attract 18% GST

The newly introduced merchant discount rate (MDR) on select UPI transactions will attract 18% GST, generating around Rs 2,000 crore…

Updated: September 17, 2026 14:13 IST

Competition for merchants could also move beyond pricing.

UPI MDR could shift focus from volumes to high-value payments

The introduction of MDR on higher-value UPI transactions in India aims to enhance the payments ecosystem by charging fees on…

September 16, 2026 20:12 IST

UPI handled 24.51 billion transactions worth Rs 29.9 lakh crore in August alone — nearly 800 million a day.

The new UPI merchant fee: What changes, what doesn’t

From October 15, merchants will pay a 0.4% MDR on UPI payments above Rs 2,000, ending six years of zero…

Updated: September 16, 2026 08:25 IST

The fee is unlikely to be a blanket charge.

Tech service providers set to gain as MDR returns to UPI

Banks and payment apps may soon share the merchant discount rate (MDR) on UPI, benefiting technology service providers building UPI…

September 11, 2026 22:42 IST

PhonePe's overseas presence has so far been built around Indian users travelling abroad.

PhonePe goes global, to begin UAE operations

PhonePe has received its first international licence from the Central Bank of the UAE and will begin local operations, expanding…

September 9, 2026 21:26 IST

Digital Payments Fintech Phi Commerce Expands Globally, Targets 2.5x Revenue Growth

Phi Commerce payment tech to launch in Southeast Asia, Latin America

RBI-licensed payment aggregator Phi Commerce expands into Southeast Asia and Latin America after entering Japan, while prepping a new credit…

Updated: July 10, 2026 17:10 IST

The project is being implemented in phases. While the first phase enables Indian travellers to pay in Cambodia using UPI, the next phase will allow Cambodian visitors to make payments at millions of UPI QR-enabled merchant locations across India.

UPI now works in Cambodia: Here’s the full list of countries where Indian users can pay

Indian tourists may now use their UPI-enabled applications to make payments in Cambodia by scanning the nation’s QR code system,…

June 2, 2026 17:33 IST

Despite all efforts, rising digital frauds a concern: M Nagaraju, DFS Secretary

According to the recent Trends and Progress report, in 2024-25, private sector banks accounted for 59.3% of the total number…

Updated: January 10, 2026 00:24 IST

Paytm shares rise 1.8% after it receives RBI nod to operate as a Payment Aggregator

Paytm share price today, November 27: Paytm gains RBI approval as a Payment Aggregator, boosting shares 1.8%. Stay updated on…

November 27, 2025 10:20 IST

Major changes in UPI rules from August 1: New daily transaction limits, autopay norms and more you must know

Major changes in UPI rules from August 1: Check full list of updates and what they mean for you

Starting August 1, your daily UPI habits will no longer be the same. From strict limits on balance checks to…

June 26, 2025 18:23 IST

National Payments Corporation of India, NPCI, UPI, Unified Payments Interface

NPCI’s UPI overhaul: Know what is changing from August 1

With UPI accounting for 83% of all digital transactions, the repeated failures have sparked urgent calls from experts for system-level…

June 7, 2025 20:39 IST

Major UPI changes go LIVE Tomorrow: Check key changes for GPay, PhonePe and Paytm users here

India commands 48.5% share in global real-time payments by volume with UPI: RBI

India accounted for 48.5 per cent of global real-time payments by volume in FY25, primarily driven by UPI. UPI transactions…

Updated: May 29, 2025 18:08 IST

budget 2025 expectations, budget 2025 expectations on income tax, budget 2025 expectations for middle class, budget 2025 expectations for healthcare sector, budget 2025 expectations for real estate sector, budget 2025 expectations for education sector

FM Sitharaman applauds fintech’s role in expanding digital infrastructure

he finance minister visited the office of Pine Labs, a fintech company, where she lauded the contribution of fintech companies…

May 27, 2025 18:27 IST

Paytm introduces a new payment privacy feature. Here is how to hide your payment history

Paytm has introduced its latest ‘Hide Payment’ feature to increase payment privacy on the app. The new feature allows users…

Updated: May 19, 2025 15:35 IST

The report finds that 76% of Indians are willing to trust AI systems, far outpacing the global average of 46%.

Razorpay launches new servers to accelerate AI integration

Razorpay, the payment service provider, has launched the first MCP server to enhance the connectivity between the business’ AI assistant…

April 29, 2025 17:54 IST

UPI, payments, digital payments, NPCI, Cash, Unified Payments Interface

UPI overload: Is India’s digital payments backbone under pressure?

The time has come for setting up another not-for-profit entity on the lines of NPCI to boost competition.

April 15, 2025 03:00 IST

digital payment

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