Upi
- INDIAINDIA · 2 min
Kerala hotels to stop UPI payments above ₹2,000 from October 15
The Kerala Hotel and Restaurant Association (KHRA) announced on October 13 that its members will stop accepting Unified Payments Interface (UPI) payments above ₹2,000 starting October 15.
15 Oct, 12:05 am IST - INDIAINDIA · 2 min
NPCI defers UPI MDR fee rollout until after Diwali festival
The National Payments Corporation of India (NPCI) has postponed the implementation of the Merchant Discount Rate (MDR) fee on select Unified Payments Inter…
13 Oct, 04:05 pm IST - POLICYPOLICY · 2 min
UPI transactions fall 1.8% in September ahead of new MDR charges
Unified Payments Interface (UPI) recorded 24.07 billion transactions worth Rs 29.37 lakh crore in September, marking a 1.8% decline in volume and a 1.5% dr…
05 Oct, 03:29 pm IST - INDIAINDIA · 2 min
Industrial marketplace Pneucons disables UPI payments from October 10
Ahmedabad-based industrial marketplace Pneucons announced it will stop accepting UPI payments from October 10.
04 Oct, 09:28 am IST - INDIAINDIA · 2 min
UPI transaction volume rises 27% to 145 billion in first half of FY27
Unified Payments Interface (UPI) transaction volume in India increased by 27% to approximately 145 billion in the first half of the current fiscal year, co…
03 Oct, 06:15 pm IST - INDIAINDIA · 2 min
UPI transactions fall 1.8% to 24.07 billion in September
UPI transaction volumes declined 1.8% month-on-month to 24.07 billion in September from a record 24.51 billion in August, according to NPCI data reported by inc42.com.
01 Oct, 02:41 pm IST - INDIAINDIA · 2 min
Traders call off No UPI Day protest after meeting finance minister
The All India Mobile Retailers Association (AIMRA) and the All India Consumer Products Distributors Federation (AICPDF) called off their planned 'No UPI Da…
01 Oct, 04:41 am IST - 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 - INDIAINDIA · 2 min
NPCI launches AI-powered MyUPI chatbot for UPI transaction management
The National Payments Corporation of India (NPCI) launched MyUPI, an AI-powered chatbot designed to help users manage their UPI transactions and AutoPay mandates across third-party UPI apps.
23 Sept, 03:28 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 - INDIAINDIA · 2 min
PhonePe, Paytm, MobiKwik support UPI MDR on transactions above Rs 2,000
PhonePe, Paytm, and MobiKwik have expressed support for the introduction of a Merchant Discount Rate (MDR) on Unified Payments Interface (UPI) transactions above Rs 2,000, effective October 15, 2026.
18 Sept, 03:28 pm IST - INDIAINDIA · 2 min
New app splits UPI payments into ₹1,999 instalments from October 15
A new app has launched that allows users to split Unified Payments Interface (UPI) transactions into instalments of ₹1,999, starting October 15.
17 Sept, 07:29 pm IST - INDIAINDIA · 2 min
Government and Rahul Gandhi clash over new UPI transaction charges
The Indian government has introduced a 0.4% merchant discount rate (MDR) on UPI transactions above ₹2,000, sparking a political dispute with Congress leader Rahul Gandhi.
17 Sept, 03:28 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 - INDIAINDIA · 2 min
UPI processes record 24.51 billion transactions in August 2026
India's Unified Payments Interface (UPI) recorded its highest monthly transaction volume in August 2026, processing 24.51 billion transactions worth Rs 29.…
17 Sept, 01:28 pm IST - INDIAINDIA · 2 min
Ex-DFS secretary says zero-MDR gave banks no return on UPI merchant costs
M. Nagaraju, former secretary of the Department of Financial Services (DFS), stated that the zero-Merchant Discount Rate (MDR) policy provided no financial…
17 Sept, 07:28 am 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 transaction charges to start from October 15 in India
India will implement charges on Unified Payments Interface (UPI) transactions starting October 15, 2026, marking a significant shift in the digital payment…
16 Sept, 09:28 am 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 - INDIAINDIA · 2 min
NPCI launches unified ticketing and RuPay credit card on UPI internationally
The National Payments Corporation of India (NPCI) unveiled a Unified Ticketing Platform (UTP) and expanded RuPay credit card acceptance on UPI to internati…
11 Sept, 11:28 pm IST - POLICYPOLICY · 2 min
Scindia calls for trust grid linking telecom, Aadhaar, UPI and banks
Union Minister for Communications Jyotiraditya Scindia called for a “Trust Grid” that integrates telecom networks, Aadhaar, UPI, and financial systems to e…
11 Sept, 11:28 am IST - POLICYPOLICY · 2 min
NPCI chairman says AI agents can read intent but not approve UPI payments
Ajay Kumar Choudhary, non-executive chairman of the National Payments Corporation of India (NPCI), stated on September 10 at the Global Fintech Fest 2026 i…
10 Sept, 03:29 pm IST - INDIAINDIA · 2 min
Amazon Pay launches Smart wallet for AI agent UPI payments
Amazon Pay introduced Smart wallet on Wednesday, enabling AI agents to make UPI payments on behalf of users.
09 Sept, 05:28 pm IST