UPI's Rs 20,700 Crore Cost Burden Pushes India Toward Merchant-Only MDR
Companies

UPI's Rs 20,700 Crore Cost Burden Pushes India Toward Merchant-Only MDR

A parliamentary panel says government incentives cover only 11% of UPI industry costs; amended law now permits threshold...

Declan Byrne 👁 36 💬 0
MF Industry Warns UPI Transaction Fee Could Dent Margins and Hit Small Investors
Personal Finance

MF Industry Warns UPI Transaction Fee Could Dent Margins and Hit Small Investors

A proposed merchant discount rate on UPI transactions threatens to erode thin margins for online mutual fund distributor...

Shira Katz 👁 42 💬 0
Paytm Jumps 8% as Bernstein Sets ₹2,200 Target – First Above IPO Price on UPI MDR Bet
Companies

Paytm Jumps 8% as Bernstein Sets ₹2,200 Target – First Above IPO Price on UPI MDR Bet

Bernstein's 'Outperform' rating and ₹2,200 target, driven by expectations of MDR on UPI transactions, propelled Paytm sh...

Declan Byrne 👁 27 💬 0
Payments Council of India warns sustained investment needed to run UPI, backs merchant fees on large merchants
Companies

Payments Council of India warns sustained investment needed to run UPI, backs merchant fees on large merchants

The industry body says small merchants and consumers will be shielded from charges, but large merchants may need to pay ...

Declan Byrne 👁 33 💬 0
MDR on UPI Will Land on Merchants, Not Users: FM Sitharaman Clarifies Amid Bill Debate
Companies

MDR on UPI Will Land on Merchants, Not Users: FM Sitharaman Clarifies Amid Bill Debate

Finance Minister Nirmala Sitharaman said any merchant discount rate (MDR) on UPI would apply only to businesses, not con...

Declan Byrne 👁 27 💬 0
India's UPI Monetisation Bill Opens Door to Merchant Fees as Consumer Charges Stay Barred
Technology

India's UPI Monetisation Bill Opens Door to Merchant Fees as Consumer Charges Stay Barred

New India legislation would let the government levy Merchant Discount Rates on digital payments outside an exempt list, ...

Eitan Shapiro 👁 30 💬 0
PM Modi's Border Village Outreach Highlights Digital Pay, Infrastructure Gains
Politics

PM Modi's Border Village Outreach Highlights Digital Pay, Infrastructure Gains

The Viksit Vibrant Village programme sent over 400 youth to live in remote Himalayan communities, with participants repo...

Sinead Brennan 👁 31 💬 0