No charges for normal UPI-based digital payments, clarifies NPCI

Mar 29, 2023

The National Payments Corporation of India (NPCI) cleared the air on Wednesday about the recently introduced interchange charges, saying they are only applicable for...

Praveen Khandelwal urges Centre to exempt small merchants, consumers from paying Merchant Discount Rate

Mar 26, 2025

Union Finance Minister Nirmala Sitharaman in December 2019 announced that no MDR charges would be applicable on transactions through RuPay and UPI platforms beginning...

Merchant-funded UPI MDR of 30-40 bps most likely if introduced, consumers likely to remain unaffected: Bernstein

Aug 05, 2026

If the government eventually introduces a Merchant Discount Rate (MDR) on Unified Payments Interface (UPI) transactions, the charges are likely to be borne by...

Govt opens door to MDR on select UPI merchant payments, users to face no charges

Aug 08, 2026

The government has opened the door to introducing a nominal Merchant Discount Rate (MDR) on a limited set of UPI merchant transactions above a...

RBI seeks public feedback on changes in payment systems

Aug 18, 2022

Mumbai (Maharashtra) [India], August 18 : The Reserve Bank of India (RBI) has invited feedback from the public on the various changes proposed in...

IDFC FIRST Bank Introduces UPI Services for NRI Customers Across 12 Countries

Jun 25, 2025

Mumbai (Maharashtra) [India], June 25: IDFC FIRST Bank today announced that Non-Resident Indian (NRI) customers of the bank can now make UPI payments using...