organization · 37 records
National Payments Corporation of India
NPCI clarifies impact of GST on MDR for UPI transactions
The National Payments Corporation of India (NPCI) has clarified that new GST charges on Merchant Discount Rates (MDR) for UPI transactions will not impact small merchants.
Petrol pumps discourage UPI payments ahead of new MDR rules
Petrol pump operators in India are discouraging digital payments over 2000 rupees due to upcoming UPI MDR charges.
Ghaziabad merchants unwilling to accept UPI from Oct 15 over new MDR
Merchants in Ghaziabad plan to stop accepting UPI payments over ₹2,000 starting October 15 in response to a new 0.4% Merchant Discount Rate.
UPI MDR Charges Face Backlash from Traders and Businesses
Traders and businesses in India are protesting a new merchant discount rate (MDR) for UPI transactions.
Government Can Bear Cost of Maintaining UPI Network: BJD MP Santrupt Misra
BJD MP Santrupt Misra argues that the government should absorb UPI network maintenance costs instead of imposing a merchant discount rate.
UPI charges row: Chidambaram among 5 Congress MPs who had backed revenue framework
A parliamentary Standing Committee on Finance report, which included Congress MPs, recommended implementing a revenue framework for UPI transactions to ensure ecosystem sustainability.
New UPI MDR charges for merchants explained
The Indian government has introduced a Merchant Discount Rate (MDR) charge of 0.4% on UPI transactions for merchants with monthly receipts exceeding 1 lakh rupees, effective October 15.
Government plans to monitor merchants to prevent UPI fee burden on consumers
The Indian government is implementing a monitoring system to ensure merchants do not pass the new 0.4 percent Merchant Discount Rate (MDR) for UPI transactions over ₹2,000 on to consumers.
Mayawati Criticizes Government Over New UPI Merchant Transaction Fees
Bahujan Samaj Party chief Mayawati criticized the Indian government's decision to introduce a 0.4% fee on UPI merchant transfers exceeding 2,000 rupees starting October 15.
No US pressure behind UPI transaction fee introduction says Finance Ministry
The Union Finance Ministry clarified that there was no US pressure behind introducing a 0.4% Merchant Discount Rate on select UPI transactions.
Supreme Court Petition Challenges New MDR Charges on UPI Transactions
A public interest litigation has been filed in the Supreme Court challenging the Indian government's notification imposing a 0.4% Merchant Discount Rate (MDR) on UPI merchant payments exceeding ₹2,000.
LPG agencies plan to seek exemption from proposed merchant discount rate
LPG distributors in India are reviewing the impact of a new proposed Merchant Discount Rate (MDR) on their operations and plan to seek a government exemption.
D.K. Shivakumar criticizes central government over proposed UPI charges
D.K. Shivakumar criticized the Indian central government over proposed UPI transaction fees.
Merchants and customers concerned over new UPI transaction charges
Merchants and customers express concern over a new Merchant Discount Rate on UPI transactions exceeding 2000 rupees.
PCI fact-checks Kerala Congress claim on UPI diesel payment charges
The Payments Council of India clarified that UPI fuel transactions over 2,000 rupees incur a flat 5 rupee fee rather than a 0.4 percent charge as claimed by the Kerala Congress.
Finance Ministry rejects US influence allegations regarding new UPI MDR policy
The Indian Finance Ministry denied that US pressure influenced new UPI Merchant Discount Rate policies, asserting they are designed to support domestic competition and RuPay.
Company director warns of potential UPI payment limits due to MDR charges
A pharmaceutical company director has expressed concerns that proposed UPI transaction charges will significantly impact profit margins for businesses with low margins.
BharatPe backs UPI MDR charges, distances from Ashneer Grover's criticism
BharatPe has expressed support for the new UPI Merchant Discount Rate framework while distancing itself from former CEO Ashneer Grover's public criticism of the move.
UPI merchant fees to end free digital payment era
Starting October 15, a 0.4% merchant fee will be applied to UPI transactions exceeding 2,000 rupees.
Updated UPI Payment Framework: Charges, Exemptions, and MDR Explained
The Indian government has introduced a new framework for UPI payments, clarifying that P2P transactions remain free and establishing a merchant discount rate for specific high-value commercial transactions.
Government issues new framework for UPI transactions and MDR charges
The Indian government has issued a new framework for UPI transactions, clarifying that person-to-person payments remain free, while introducing Merchant Discount Rate (MDR) fees for certain large merchant transactions.
FM: Country’s digital payments system an ‘envy of the world’
Finance Minister Nirmala Sitharaman highlighted India's digital payments system as a global success amidst controversy regarding new UPI transaction fees.
UPI fee on transactions over 2,000 rupees
The Indian government plans to impose a 0.4 percent fee on UPI transactions over 2,000 rupees starting October 15, leading to merchant protests.
No rethink: Govt firm on UPI merchant fee amid rollback demands
The Indian government has rejected demands to withdraw a 0.4% merchant discount rate on certain UPI transactions.
Zero-MDR gave banks no return on UPI merchant onboarding costs
The Indian government is implementing a new merchant discount rate framework for UPI transactions to support ecosystem sustainability while exempting small transactions.
UPI payment fee decision to remain
The Indian government stated it will not reverse its decision to impose a 0.4% Merchant Discount Rate and 18% GST on UPI transactions over 2,000 rupees starting October 15, despite legal and industry opposition.
Traders in Delhi express anger over new UPI transaction fees
Traders in Delhi are refusing to accept UPI payments for transactions over two thousand rupees in response to a newly announced government fee.
Petroleum dealers oppose MDR on fuel, seek exemption
Petroleum dealers are opposing a new Merchant Discount Rate (MDR) policy for fuel transactions over 2,000 rupees.
Government introduces 0.4 percent MDR on UPI payments above 2000 rupees
The Indian government is introducing a 0.4% Merchant Discount Rate (MDR) for UPI payments exceeding 2,000 rupees, effective October 16.
Why the 0.4% MDR decision? Sohini Rajola answers questions related to UPI
NPCI Executive Director Sohini Rajola discusses the new charges on UPI payments exceeding 2,000 rupees for merchants.