Digital Payments
Business
UPI MDR Charges From Oct 15: RBI Says Impact Likely Limited
UPI MDR charges of 0.4% on eligible transactions above ₹2,000 start October 15. RBI Governor Sanjay Malhotra says the fee is unlikely to hurt UPI volumes.
Education
CBSE Asks Schools To Promote Digital Payments For Fees
CBSE has asked schools to promote digital payments for fees and other financial activities, including UPI, RuPay, BBPS and digital payment awareness.
Business
UPI MDR and Digital Rupee: Will CBDC Adoption Rise?
UPI MDR may influence payment choices, but S&P Global says the digital rupee’s key value lies in programmability, targeted lending and subsidies.
Business
Apple Pay Launches in India With Axis Bank Cards
Apple Pay is now available in India for eligible Axis Bank Visa and Mastercard cards, allowing users to make payments through Apple devices.
Business
UPI MDR Case: Supreme Court Questions 0.4% Charge on Transactions Above ₹2,000
Supreme Court questions the legal basis of the 0.4% UPI MDR on specified merchant transactions above ₹2,000 and issues notice to the Centre.
Business
UPI MDR GST From October 15: NPCI Says 96% of Transactions Will Remain Unaffected
NPCI says 96% of UPI transactions and small merchants will remain unaffected by the new MDR and GST framework from October 15.
Business
UPI MDR Above ₹2,000: Why Food Delivery and Quick Commerce May See Limited Impact
Food delivery and quick-commerce companies may face limited earnings impact from a potential 0.4% UPI MDR on transactions above ₹2,000 due to low average order values.
Business
UPI MDR From October 15: Who Will Pay, What Stays Free and Who Benefits?
UPI MDR explained: Charges will apply to specified merchant transactions above ₹2,000 from October 15, while P2P payments and most UPI transactions remain free.