From October 15, merchants pay 0.4% on UPI payments above ₹2,000, capped at ₹300. Customers are not charged. Here is how the fee works and where it came from.

The government has subsidised or incentivised UPI adoption for years. Official figures show thousands of crores in payouts ...

A modest charge on large UPI payments isn't a tax on digital India. It's the bill finally arriving at the table ...

The National Payments Corporation of India (NPCI) has clarified how the new Merchant Discount Rate (MDR) framework will work ...

The Centre on Wednesday rejected allegations that US pressure influenced India's decision to introduce a Merchant Discount ...

Using mobile phones to scan a QR code for payments has become near ubiquitous behaviour in India over the last decade, thanks ...

From local trains and street food to house tax and shared lunches, UPI has quietly changed how cities pay. Here are the everyday moments cashless payments transformed ...

New Delhi, Sep 16 (PTI) The government is putting a price for merchants using its flagship digital payment network to accept ...

Under the new framework, a 0.4 per cent MDR will apply to specified person-to-merchant UPI transactions above Rs 2,000 ...

If you're coming to North Hills to shop or eat, it's wise to understand the rules about parking. Otherwise, you might have to ...

UPI charges begin from October 15 for some merchant transactions. Here's what customers, small shops and businesses need to ...

India’s UPI ecosystem is set for a significant change from Oct 15, with the introduction of a MDR on select transactions.