Upi Transactions News

A recent survey by LocalCircles indicates that nearly half of Indian merchants are unwilling to pay the Minimum Discount Rate (MDR) on UPI transactions exceedin

A consumer body, Citizens' Voice Coimbatore, is advocating for the retention of free UPI transactions, citing various existing banking charges paid by consumers

UPI transactions in India have seen a more than 4,000-fold jump in value over the past decade, with annual transaction value soaring to ₹314 lakh crore in FY26

A Parliamentary Panel has recommended the expeditious introduction of Merchant Discount Rate (MDR) on high-value UPI transactions, noting that the current zero-

The Department of Financial Services is exploring options like MDR for high-value transactions or tiered incentives to ensure the financial sustainability of th

Finance Minister Nirmala Sitharaman announced that UPI transactions will remain free for consumers, with most low-value payments also staying free, and any futu

The Indian government has stated that the majority of merchant transactions via UPI will remain free, and consumers will not be charged fees. It clarified that

The Payments Council of India has confirmed that consumers and small merchants will continue to use UPI without any transaction charges.

The government announced that the proposed Merchant Discount Rate (MDR) for UPI transactions will be nominal, applying only to certain merchants and transaction

The article discusses the unpopularity and unfairness of imposing charges on UPI transactions, arguing against removing its free nature.

The Lok Sabha has passed a bill allowing banks to levy charges on certain UPI transactions, sparking debate about the future of digital payments in India.

The Lok Sabha has passed a tax amendment bill that seeks to remove the existing legal provision preventing banks and payment service providers from charging Mer

A taxation bill aimed at promoting electronic manufacturing has passed the LS, including a provision that allows the Central government to specify electronic pa

The RBI governor commented on the proposed MDR for UPI transactions above Rs 2,000, noting that while this threshold covers only 5% of transactions, it accounts

The Confederation of All India Traders (CAIT) will support a nominal Merchant Discount Rate (MDR) on higher-value UPI transactions, provided the government's pr

Proposed amendments to the Payment and Settlement Systems Act could reintroduce merchant discount rates (MDR) for large-value UPI transactions, aiming to help b

The government is considering amendments to reintroduce merchant discount rates on UPI transactions, alongside extending tax exemptions for foreign contract man

UPI transactions reached 76 crore per day in July, totaling 2,366 crore transactions for the month, while NETC FASTag transactions declined by 6% year-on-year.

UPI transactions reached a record ₹29.9 lakh crore in July, with 23.66 billion transactions, marking a 19% annual growth. This performance reinforces UPI's sign

UPI transactions have surged over the past five years, with India's digital payment system now adopted by 12 countries.

MobiKwik CFO Upasana Taku has called for the implementation of Merchant Discount Rate (MDR) on UPI transactions. She stated that payment firms and banks are bea