Browsing: Merchant Discount Rate
India’s new fee structure for certain Unified Payments Interface transactions could create an annual revenue pool of around ₹27,000 crore…
The government has clarified that person-to-person (P2P) UPI transactions will remain completely free, regardless of the amount transferred. Payments made…
UPI payments of up to ₹2,000 will remain free, with banks and payment system providers barred from imposing direct or…
Unified Payments Interface (UPI) may not remain completely free forever as the digital payment system needs a sustainable financial model,…
The Lok Sabha has passed the Taxation and Other Laws (Amendment) Bill, 2026, which makes several changes to India’s digital…
The Union Ministry of Finance has proposed amendments to the Payment and Settlement Systems Act, 2007, that could allow the…