As public confusion mounted over potential fees on general consumer shopping and peer-to-peer transfers, the government
PM under 'GyaneshGate' siege, will not retaliate to U.S. visa crackdown: Congress
PERM suspension has come shortly after the Modi government went out of its way to please U.S. President Donald Trump by
UPI MDR decision likely today; industry expects deferral to January 2027
The panel comprises the Indian Banks Association (IBA), the Payments Council of India (PCI), and representatives of bank
UPI MDR charges from October 15: Will government delay new payment rules until January 2027?
Government's proposed 0.4 per cent MDR on UPI merchant transactions above Rs 2,000, scheduled to begin from October 15,
India is considering delaying a 0.4% merchant discount rate on UPI transactions above 2,000 until January 2027. The post
GST Council Defers Two Key ITC Proposals; Takes Up UPI MDR Rate Cut
Apart from the two deferred ITC proposals, the GST Council has approved the remaining proposals on its agenda.
Pine Labs, Paytm, MobiKwik Shares Slide Amid Reports Of UPI MDR Delay
Shares of fintech companies Paytm, Pine Labs and MobiKwik came under pressure today following reports that the proposed
Merchant Organizations Urge Delay of New UPI MDR Framework Until Festival Season
Merchant groups in New Delhi request postponement of the new UPI MDR framework until after the festival season to protec
Paytm shares crash 10%, wipe off Rs 10,970 crore m-cap. More pain ahead?
Paytm shares crashed on Wednesday after reports suggested a possible delay in the rollout of UPI MDR. Analysts said the
UPI MDR rollout delayed? 0.4% fee on payments above 2,000 may start in January 2027
UPI MDR rollout may be delayed from October 15 to January 2027, giving merchants and payment firms more time to prepare.
Traders' associations have sought a delay in the implementation of the UPI MRD charges until after the festive season or
Paytm, Mobikwik, Pine Labs shares crash up to 10%. Whats behind the sharp plunge?
Paytm, Mobikwik and Pine Labs shares fall sharply as reports of a possible delay in UPI MDR implementation raise concern
UPI MDR rollout may be deferred beyond festive season to Jan 1; shares fall: Report
A proposal to defer the implementation of merchant discount rates on Unified Payments Interface transactions is being co
UPI MDR: October 15 Rollout May Be Deferred; Traders Bodies Seek Post-Festive Season Implementation
Traders' associations want the rollout to be delayed until after the festive season or early next year.
Paytm In Focus: Goldman Sachs Hikes Target Price; Sees UPI MDR To Drive 40% EBITDA Upgrades
Goldman Sachs maintained its Buy' rating on One 97 Communications, the parent company of fintech giant Paytm, and the ta
Festival breather: UPI merchant fee may be deferred till January 1
UPI MDR may be deferred to January 1, while the exemption for small merchants could be expanded to businesses with annua
UPI MDR from 15 October: RBI Governor says small fee unlikely to hit transaction volumes
UPI MDR takes effect from 15 October for select merchant transactions above 2,000. RBI Governor Sanjay Malhotra said he
UPI MDR Charges: Will newly introduced fees impact your Diwali, Dhanteras shopping bills?
UPI MDR will apply to select merchant transactions above 2,000 from 15 October 2026, but consumers will not have to pay
UPI MDR: Merchants Cannot Charge Customers
Punjab and Sind Bank MD and CEO Swarup Kumar Saha clarified that merchants cannot pass on Merchant Discount Rate (MDR) c
From 15 October 2026, a 0.4% MDR will apply to specified UPI merchant transactions above 2,000, capped at 300 for transa
UPI MDR Charges: 76% Users May Shift to Other Payment Modes If Fee Is Passed On
New Delhi, October 6, 2026 (Udaipur Kiran): A new survey has found that a large number of UPI users could switch to othe
UPI MDR should not attract any GST: Former RBI Governor C Rangarajan
Rangarajan was speaking at the launch of Cashless Nation: How UPI Changed Everything a book by B Sambamurthy and Santanu
A survey of over 67,000 UPI users suggests 76% may shift to cards, cash or bank transfers for purchases above 2,000 if m
From October 15, a new MDR framework will apply to UPI merchant payments above 2,000. But not all merchants or transacti
India GDP forecast stays at 7%, uncertainty range remains wide: NITI Aayogs Arvind Virmani
NITI Aayog Member Arvind Virmani has retained his India GDP growth forecast at 7% for the year, with an uncertainty rang
The Centre will soon implement Merchant Discount Rate (MDR) fees on specific UPI transactions. Today we answer what the
Indian Bank working on mechanisms to prevent UPI MDR being passed on to consumers
The bank is also considering absorbing part of the charge for merchants where it acts as the acquiring bank.
5 money changes in Oct: Bulk FD rates, UPI MDR, SBI ATM limit cut, LPG KYC & more
The money changes include a reduction in the number of free ATM transactions for certain State Bank of India (SBI) salar
Two trade bodies meet FM, withdraw from No UPI Day protest on October 2
AICPDF and AIMRA have withdrawn from the October 2 protest after urging the government to defer the proposed UPI MDR and
LPG to UPI: 5 New Rules Coming in October That You Should Know
From October 2026, changes to LPG subsidy, bulk FD rules, birth-death registration, WhatsApp Business charges and UPI MD
From LPG to UPI rules: Key changes to take effect from October 1
Digital Desk | New Delhi, Sep 30 (IANS) As we approach October, several changes affecting banking, taxes, savings and ho
UPI MDR: Supreme Court refuses stay on 0.4% charge, seeks clarity | Above the Fold | Sept 28, 2026
Supreme Court questions the nature of the proposed UPI MDR charge as it refuses an interim stay.
No UPI Day: Mobile, FMCG Retailers To Protest UPI MDR On October 2
Indian retail traders are gearing up for a nationwide protest against the proposed UPI MDR soon. The All India Mobile
Supreme Court refuses interim stay on UPI MDR, seeks Centre's response
Justice Bagchi asked whether the charge was a tax or fee and, if it was neither, what was the legal basis for imposing i
Retailers see UPI edge over cards despite new MDR hit
As the implication of 0.4% UPI MDR nears, retailers are exploring shifting cashback and offers from costlier credit card
School Assembly News Headlines for September 29: Top India, world, sports and business news
School Assembly News Headlines for September 29, 2026: Todays key updates include the Supreme Courts UPI MDR decision, b
SC Refuses To Stay UPI MDR, Seeks Centre
The Supreme Court today refused to stay the Centres decision to introduce merchant discount rate (MDR) charges on select
Supreme Court Seeks Centre, RBI's Response on Plea Challenging UPI MDR Above Rs.2,000
The Supreme Court has sought responses from the Centre and RBI on a plea challenging MDR on specified UPI merchant payme
SC Seeks Centre, RBI Response On UPI MDR Challenge
Apex Court Refuses Interim Stay On 0.4% Fee For Specified Merchant Transactions
If neither tax nor fee, what is this expropriation, Supreme Court asks Govt on UPI MDR charges
Refuses plea by petitioner for interim stay, but issues notice
SC refuses stay on UPI MDR above Rs 2000, notice to Centre
New Delhi: The Supreme Court (SC) on Monday, September 28, refused to stay the Centres decision to impose a Merchant Dis
Mobile phone retailers to protest against UPI MDR charges on October 2
The All India Mobile Retailers Association for the Delhi NCR region said retailers will symbolically cover UPI QR codes
NSE's Managing Director Ashish Chauhan mentioned there have been no government discussions about the new MDR on UPI paym
MDR will be applicable on some large UPI payments from October 15. Learn how this will affect Indians traveling abroad a
UPI MDR decision purely professional, no external pressure: FM Sitharaman
Finance Minister Nirmala Sitharaman has rejected as absolutely baseless allegations by the Opposition that the decision
Proposed UPI MDR not a tax, cess or surcharge: FM
New Delhi: The proposed Merchant Discount Rate (MDR) on select high-value UPI transactions is neither a tax, cess nor a
Not a government issue: FM Sitharaman explains where UPI MDR charge goes
Nirmala Sitharaman clarified that there will be no Merchant Discount Rate (MDR) charged by the government on UPI transac
UPI MDR is not a tax, won't mean extra cost for customers: FM Sitharaman
Finance Minister Nirmala Sitharaman has said the charge on specified merchant transactions above 2,000 will be borne wit
UPI merchant payment row: Banks to monitor UPI MDR is not passed on to consumers
The Banks will monitor merchants to ensure that the Merchant Discount Rate (MDR) on UPI transactions will not be passed
Fintechs race to expand merchant networks as MDR returns to UPI payments
PhonePe, Paytm, Pine Labs and MobiKwik are stepping up merchant acquisition and device deployment as UPI MDR returns and
UPI MDR row: Banks to ensure merchants dont pass charges to consumers
Datanomics: PSBs lead UPI senders, private banks top payment receivers
Proposed UPI MDR will give remitter banks the largest revenue share, while private banks dominate the merchant-side tran
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
MP traders protest UPI MDR with No UPI Day, urge customers to pay cash
Traders across Madhya Pradesh organized a 'No UPI Day' protest against the imposition of a 0.4% fee. The protest involve
UPI MDR Decoded: Will You Pay More for Stock Investments & SIPs?
UPI MDR from Oct 15: Should you switch from UPI to debit or credit cards?
Before switching to cards, users should understand which UPI payments attract MDR and who actually bears the cost.
UPI MDR Charges: CTI Urges Centre to Roll Back 0.4% Fee on High-Value Payments
The Chamber of Trade and Industry (CTI) has urged the Centre to reconsider the proposed Merchant Discount Rate (MDR) on
UPI MDR will fund innovation, protect small merchants: NPCIs Dilip Asbe
FM Sitharaman clarifies UPI MDR; no charge below 2,000
FM Sitharaman clarifies UPI MDR; no charge below 2,000
Finance Minister Nirmala Sitharaman stated Merchant Discount Rate charges will not be passed to consumers. She clarified
Nirmala Sitharaman says UPI MDR charges will not be passed to consumers
The News Mill
Mobile phone retailers seek exemption from UPI charges
Digital Desk | New Delhi, Sep 21 (IANS) The All India Mobile Retailers Association (AIMRA) has requested the Finance Min
NCP (SP) Slams UPI MDR, Demands Rollback
The NCP (SP) has demanded a complete rollback of the 0.4 per cent Merchant Discount Rate (MDR) on UPI transactions above
India's Unified Payments Interface (UPI) is heading for an important change from October 15, 2026, when a new Merchant D
AP Petroleum Traders Seek Relief From UPI MDR Charges
They said dealers earn a margin of Rs 2.25 a litre on diesel and Rs 3.54 on petrol and are already facing rising overhea
UPI MDR: Can Rs 6,000 be split into three Rs 2,000 payments? No daily cap
The NPCI framework and the FAQs issued with it do not stipulate that multiple payments relating to a single bill must be
UPI Credit Card Bill Payment: Will MDR Be Charged? What Users Need to Know
Credit card bill payments through UPI can involve the BBPS ecosystem, meaning any applicable convenience or processing f
Abhijeet Dipke Calls UPI MDR Charges Outright Robbery
Cockroach Janta Party founder Abhijeet Dipke criticised MDR charges on UPI transactions, calling them outright robbery a
MP Misra Slams UPI MDR Fee, Cites Alternative Funding
BJD MP Santrupt Misra has voiced strong concerns over the Centre's decision to impose a 0.4 per cent Merchant Discount R
Cash Only From October 15:Ghaziabad Traders Put Up Notices Over UPI MDR
The traders are particularly concerned because many of their transactions routinely exceed Rs.2,000 and they say absorbi
Bhartruhari Mahtab defended the finance committee's report on Demands for Grants. Congress MP Manish Tewari rejected cla
Finance committee chairman defends unanimous report amid UPI MDR controversy
The News Mill
Congress disputes Parliamentary panel chiefs claim on levying UPI MDR
Congress MP Manish Tewari, a member of the committee, said the suggestion that Opposition members had endorsed the propo
Congress disputes Parliamentary panel chiefs claim on levying UPI MDR
Congress MP Manish Tewari, a member of the committee, said the suggestion that Opposition members had endorsed the propo
D2C brands, brokers flag concerns over proposed UPI MDR
Founders said even a 0.4% per cent MDR could become significant when applied to large transaction volumes
UPI MDR: Political Debate And Trader Concerns
BJD chief Naveen Patnaik has voiced concerns over the Centre's decision to introduce Merchant Discount Rate (MDR) charge
Small retailers may pass on 0.4% UPI MDR, shift to bank transfers
Industry bodies say small retailers could seek to avoid the 0.4 per cent UPI MDR by shifting to bank transfers, splittin
UPI MDR apprehension unlikely to spur higher cash usage: RBI DG Murmu
Concerns that introducing a Merchant Discount Rate (MDR) would spur a surge in cash transactions are unlikely to materia
UPI MDR wins payments industry support, but merchants fear higher costs
The 0.4 per cent charge on merchant UPI payments above Rs 2,000 could generate up to Rs 20,600 crore annually, but retai
Naveen Patnaik seeks protection of common man, small traders amid UPI MDR row
Digital Desk | Bhubaneswar, Sep 18 (IANS) Odisha Leader of the Opposition (LoP) in Lok Sabha and Biju Janata Dal (BJD) P
Bernstein turns more bullish on Paytm after 'better-than-expected' UPI MDR
Digital Desk | New Delhi, Sep 18 (IANS) Global brokerage Bernstein has raised its earnings estimates for Paytm after the
CNG, petrol pumps in Delhi-NCR put up 'No UPI, Only Cash' boards over UPI MDR charges
Despite the Finance Ministry asserting that it does not expect the levy of Merchant Discount Rate (MDR) charges on UPI t
Finance Ministry to monitor UPI MDR to protect customers
The Finance Ministry is preparing a monitoring mechanism to ensure that the 0.4 per cent Merchant Discount Rate (MDR) on
UPI MDR Rules: Government Moves To Stop Merchants Passing Cost To Customers
The government is set to work with payment aggregators and platforms to ensure merchants do not pass the UPI merchant di
Watch | Complex priorities: On UPI transactions, MDR charges
New UPI MDR charges from October 15 could affect merchant payments, with concerns over rate complexity, compliance and s
Trade Body Seeks Rollback Of UPI MDR On Transactions Over Rs 2,000
A trade body in Jharkhand, FJCCI, has urged the Union Finance Minister to withdraw the proposed 0.4% Merchant Discount R
Sebi to examine discount brokers concerns over new UPI MDR
Sebi is set to investigate the issues raised by discount brokers regarding new UPI charges that will impact large fund t
Watch: UPI MDR explained: Who will pay and how will the money be shared?
Watch: UPI MDR explained: Who will pay and how will the money be shared?
OPINION | UPI charges: Who will pay?
The Centre has clarified that the decision on UPI MDR (merchant discount rate) will be implemented from October 15 and t
Govt to ensure merchants absorb UPI MDR charges, not pass them to consumers: Sources
Amid opposition demands to roll back the 0.4 per cent Merchant Discount Rate (MDR) on select UPI payments, government so
BharatPe backs new UPI MDR framework; distances itself from Ashneer Grover's remarks
Clarifying that Grovers remarks do not reflect the companys stance, BharatPe said his views were made strictly in an ind
Petrol dealers, retailers and industry leaders have reacted differently to the new MDR framework, while a PIL challenges
Balancing Security and Rising Costs in UPI MDR Changes: CII President
CII President R. Mukundan emphasizes the need for balance between security and costs in UPI transaction changes. Balanci
Yadav Calls UPI MDR A 'Chungi' On Transactions
Samajwadi Party president Akhilesh Yadav has criticised the BJP government's proposed Merchant Discount Rate (MDR) on hi
Finance Ministry rejects US pressure claims over new UPI MDR, says RuPay has no special edge
India's Finance Ministry rejects claims of US influence on UPI payment charges. The new framework prioritizes RuPay cred
SEBI to look into stockbrokers' concerns over UPI MDR framework: Chairman
Digital Desk | Mumbai, Sep 17 (IANS) The Securities and Exchange Board of India (SEBI) will examine concerns raised by s
UPI MDR: What Changes From October 15?
For instance, a 10,000 UPI payment in an eligible concessional sector would incur just 5 in MDR. The post UPI MDR: What
Jammu and Kashmir CM urges govt to shield public from UPI MDR charges
The News Mill
New UPI MDR Explained: Impact on mutual funds, brokers & investors
The implementation of a new 0.02% merchant discount rate will influence certain UPI transactions, including one-time con
Morning Brief Podcast: UPI MDR is back: The hidden cost to you
BJP president Nitin Nabin defends UPI MDR amid Rahul Gandhi
The News Mill
Govt holds firm on UPI MDR as Opposition mounts pressure for rollback
Finance Ministry rejects claims of US pressure behind UPI MDR, as Opposition parties and trader groups demand reconsider
UPI MDR to attract 18% GST; registered merchants can claim input credit
Experts say GST will raise the upfront cost of accepting eligible UPI payments, but registered businesses can offset the
Rahul Gandhi Criticises Modi Over UPI MDR Framework
Leader of Opposition in the Lok Sabha Rahul Gandhi on Wednesday attacked Prime Minister Narendra Modi over the Centres n
UPI MDR Row: Government Rules Out Rollback, 0.4% Merchant Charge Above Rs 2,000 From October 15
The Centre has ruled out any rollback of the proposed 0.4 per cent Merchant Discount Rate on UPI merchant transactions a
Zero charge for Consumers...: Jyotiraditya Scindia decode UPI MDR rules point-by-point
UPI MDR may squeeze low-cost broking as fund transfers attract charge
Brokers seek clarity on applicability of client-to-broker transfers even when no trade is executed
'No question of rethinking 0.4% UPI MDR above 2,000': Govt official
The government has said the MDR will apply within the merchant payment ecosystem and will not be charged to consumers
No foreign influence behind UPI MDR decision: Finance Ministry
New Delhi: The Union Finance Ministry on Wednesday, September 16, clarified that there was no foreign influence behind t
India's finance ministry rejected claims of foreign pressure influencing UPI transaction charges. A 0.4% Merchant Discou
UPI MDR above 2,000 may attract 18% GST; merchants can claim ITC
Merchants would have to pay 18 per cent GST on the Merchant Discount Rate (MDR) charges for UPI payments above Rs 2,000,
UPI MDR could add 15,000-20,600 crore to fintechs and banks annually
Brokerages estimate that restoring MDR on UPI merchant payments could generate Rs 15,000-20,600 crore in revenue, benefi
ET Explainer | India's UPI MDR shake-up: What changes and why it matters
ET Explainer | India's UPI MDR shake-up: What changes and why it matters
Political Storm Over UPI MDR: Opposition Calls For Immediate Withdrawal
The opposition has intensified its criticism of the government's decision to impose a 0.4 per cent Merchant Discount Rat
UPI MDR: Retailers, clothing manufacturers flag impact of 0.4% charge on MSMEs
Industry bodies said the additional transaction cost could put pressure on retailers already operating on thin margins d
UPI MDR above Rs 2,000 to attract 18% GST, merchants can claim input tax credit
UPI payments to merchants above two thousand rupees will attract a zero point four percent merchant discount rate. Merch
Opposition Attacks Government Over UPI MDR Decision
The opposition has strongly criticised the government's decision to introduce a 0.4% Merchant Discount Rate (MDR) on UPI
UPI MDR Row: Opposition Cries 'American Imperialism'
Opposition parties, including Congress, TMC, and RJD, have strongly criticised the government's decision to impose a 0.4
UPI MDR opens new revenue pool for PSPs; sharing formula key
Step towards a sustainable payments ecosystem, says a market player
RSS Affiliate Asks Government To Reconsider UPI MDR
The RSS-affiliated Swadeshi Jagran Manch (SJM) has urged the government to reconsider imposing a merchant discount rate
'Tax maximisation' or a 'much-needed step'? Verdict split on UPI MDR
UPI MDR has sparked a debate among major fintech players, with some calling it necessary for sustainability while others
UPI MDR from Oct 15: Will your SIP, automated insurance payments cost more?
The payment method matters: One-time UPI transactions and automated mandates will be treated differently under the new f
Indian Finance Ministry Dismisses Claims of Foreign Interference in UPI MDR Implementation
The Finance Ministry refutes claims of foreign influence in UPIs Merchant Discount Rate, affirming Indias independent di
UPI MDR 'inevitable' amid surge in digital payment adoption, says Zerodha's Nithin Kamath
Digital Desk | New Delhi, Sep 16 (IANS) Zerodha CEO Nithin Kamath on Wednesday backed the recently introduced Merchant D
UPI MDR explained: How new charges compare with debit, credit cards
Credit cards can cost merchants 1.5-2.5%, while debit cards can cost up to 0.9%; new UPI MDR is capped at Rs 300
UPI MDR changes: Govt debunks 'foreign influence' claims
Digital Desk | New Delhi, Sep 16 (IANS) Finance Ministry on Wednesday debunked claims which suggested that the MDR chang
Modi Govt Accused Of US Appeasement Over UPI MDR Fee
The Congress party has strongly criticised the Modi government's decision to introduce a 0.4% Merchant Discount Rate (MD
Paytm wins, but ATM also wins! Why CMS Info Systems shares jumped 7% on UPI MDR
CMS Info Systems shares rose on Wednesday after the government announced MDR on select UPI transactions above Rs 2,000,
UPI MDR charges: What general users need to know about the new rules
New UPI MDR rules will apply to select merchant transactions, but consumers can continue using UPI for daily payments, Q
UPI MDR: Brokerages estimate annual industry revenue pool of up to Rs 20,000 crore
Digital Desk | New Delhi, Sep 16 (IANS) The Merchant Discount Rate (MDR) on select UPI payments could create an annual r
Businesses divided on UPI MDR; retailers wary, quick commerce unfazed
Distributors flag concerns over the new UPI merchant charges, while quick-commerce firms expect limited impact as most t
UPI MDR charges from October 15: Who will pay on transactions above 2,000?
UPI payments above 2,000 to certain merchants will attract a Merchant Discount Rate (MDR) of 0.4% from October 15. But w
NSE expects short-term impact on transaction volumes from UPI MDR charges
The new framework marks a significant shift in the pricing structure for large digital merchant payments after years of
New UPI MDR Framework From Oct 15: All You Need To Know | FAQs
UPI will introduce a 0.4% MDR on P2M transactions above 2,000 from October 15, 2026, while keeping consumer and small-va
To reduce their dependence on banks, payment aggregators have pressured the government to share directly in merchant fee
Payment aggregators push for fixed and direct share of UPI MDR
The demand is likely to draw resistance, as payment aggregators are not direct members of the UPI network run by the NPC
Selective UPI MDR Will Need Reliable Merchant Intelligence, Not Just a Pricing Rule
Selective UPI MDR Will Need Reliable Merchant Intelligence, Not Just a Pricing Rule
MDR on UPI payments: Six rules govt must settle before charges can start
The Bill opens the door to selective UPI MDR, but leaves the operating details undecided. Here are six questions the fin
UPI MDR debate: Why 2,000 is in focus and what it means for users
The government has not notified 2,000 as an MDR threshold, but the existing incentive framework and transaction data exp
MDR in future only on limited merchant transactions above a threshold: FM
FM says any future UPI MDR will apply only to high-value merchant transactions, while consumers and small merchants will
Charges On UPI Transactions? RBI Governor Says 'Costs Have To Be Paid By Someone'
Finance Minister Nirmala Sitharaman has tabled changes to the Payment and Settlement Systems Act in Parliament, which op