Mdr
- INDIAINDIA · 2 min
Indian retailers plan no UPI day over new MDR charges
Indian retailers have announced a nationwide "No UPI Day" on October 2 to protest the new merchant discount rate (MDR) on UPI payments, which will take effect from October 15.
29 Sept, 08:41 am IST - POLICYPOLICY · 2 min
Supreme Court refuses to stay UPI MDR charges above ₹2,000 threshold
The Supreme Court today refused to stay the Centre’s decision to impose merchant discount rate (MDR) charges on select UPI payments exceeding ₹2,000, while…
28 Sept, 04:41 pm IST - INDIAINDIA · 2 min
NPCI CEO says UPI MDR needed to fund AI-driven cybersecurity
Dilip Asbe, MD and CEO of the National Payments Corporation of India (NPCI), stated that introducing a merchant discount rate (MDR) on UPI transactions is…
24 Sept, 07:28 pm IST - POLICYPOLICY · 2 min
Retailers resist new UPI MDR charges set to start October 15
Retailers, fuel pump dealers, and industry bodies are opposing the new UPI Merchant Discount Rate (MDR) framework scheduled to take effect on October 15, w…
22 Sept, 09:28 pm IST - INDIAINDIA · 2 min
India to impose 0.4% MDR on high-value UPI payments from October 15
India will introduce a 0.4% merchant discount rate (MDR) on select high-value Unified Payments Interface (UPI) transactions starting October 15.
20 Sept, 01:28 pm IST - INDIAINDIA · 2 min
Rediff.com to gain new revenue from UPI MDR rules ahead of IPO
Rediff.com is set to benefit from the Indian government's new Merchant Discount Rate (MDR) rules on select UPI transactions, potentially boosting its reven…
18 Sept, 09:28 pm IST - POLICYPOLICY · 2 min
Supreme Court PIL challenges MDR charges on UPI payments above Rs 2,000
A Public Interest Litigation (PIL) has been filed in the Supreme Court challenging the Centre’s new Merchant Discount Rate (MDR) charges on Unified Payment…
17 Sept, 07:28 pm IST - INDIAINDIA · 2 min
Paytm to gain Rs 214 crore from new UPI MDR rules in FY27
Paytm is set to boost its revenue by Rs 214 crore in the financial year 2027 following the introduction of a 0.4% Merchant Discount Rate (MDR) on eligible…
17 Sept, 01:28 pm IST - FUNDINGFUNDING · 2 min
PhonePe plans IPO by March 2027 after UPI MDR clarity
Walmart-backed fintech PhonePe is targeting an initial public offering (IPO) between February and March 2027, following new clarity on the Merchant Discoun…
16 Sept, 07:28 pm IST - POLICYPOLICY · 2 min
Investment firms oppose UPI MDR on mutual fund transactions
Founders of Zerodha and CapitalMind have publicly opposed the application of merchant discount rate (MDR) on mutual fund investments made via UPI, citing i…
16 Sept, 03:28 pm IST - INDIAINDIA · 2 min
UPI to charge MDR on select high-value transactions from October 15
The National Payments Corporation of India (NPCI) will introduce a merchant discount rate (MDR) on select high-value Unified Payments Interface (UPI) trans…
16 Sept, 09:28 am IST - POLICYPOLICY · 2 min
Government sets Rs 2,000 threshold for MDR on UPI transactions
The Indian government has set a Rs 2,000 threshold for Merchant Discount Rate (MDR) charges on Unified Payments Interface (UPI) transactions, as per a Gazette notification dated September 14.
15 Sept, 03:28 pm IST - INDIAINDIA · 2 min
Government exempts MDR charges on UPI payments under ₹2,000
The finance ministry has notified amendments to the Payment and Settlement Systems Act, 2007, exempting Unified Payments Interface (UPI) transactions and R…
15 Sept, 03:28 am IST - POLICYPOLICY · 2 min
Parliament clears taxation bill enabling MDR on certain UPI payments
The Indian Parliament cleared The Taxation and Other Laws (Amendment) Bill, 2026, which could pave the way for introducing a merchant discount rate (MDR) on certain UPI payments.
10 Aug, 11:28 pm IST - INDIAINDIA · 2 min
India clears path to charge MDR on UPI transactions
The Lok Sabha passed the Taxation and Other Laws (Amendment) Bill, 2026, on August 6, enabling the introduction of a Merchant Discount Rate (MDR) on some U…
09 Aug, 01:28 pm IST - INDIAINDIA · 2 min
FM Sitharaman says MDR on UPI will impact businesses, not users
Finance Minister Nirmala Sitharaman stated that the merchant discount rate (MDR) on Unified Payments Interface (UPI) transactions will affect businesses rather than users.
07 Aug, 01:29 am IST - POLICYPOLICY · 2 min
RBI governor says UPI MDR talks premature amid government amendments
Reserve Bank of India Governor Sanjay Malhotra said on Wednesday that discussions on reintroducing the merchant discount rate (MDR) for UPI transactions are premature.
06 Aug, 03:29 pm IST