UPI

With Thursday's rally, the stock price of Paytm has bounced back 20% from its previous month low of ₹1,582.95 touched on October 26, 2026.

NPCI says merchant charges are important to sustain UPI, but the Supreme Court will analyse the legal basis of the levy, its validity and its impact on businesses

Payment companies may shift from monthly soundbox rentals to transaction-based fees as UPI merchant charges take shape, with businesses unlikely to pay both costs

A decade after demonetisation, currency in circulation has more than doubled, even as UPI transactions have surged, showing that Indians are using digital payments without giving up cash

Festive spending pushed UPI transactions to 25.47 billion, worth ₹31.53 trillion, even as the proposed merchant discount rate remains in focus

PhonePe CEO Sameer Nigam calls for restoring MDR to sustain UPI growth, while outlining plans to expand feature-phone payments, affordable credit and financial services

At the BFSI Insight Summit 2026, PhonePe CEO Sameer Nigam outlined plans to take UPI to a billion Indians, while questioning market share caps and backing MDR to sustain digital payments

At the BFSI Insight Summit 2026, payments leaders called for AI-driven fraud detection, real-time risk scoring and greater industry collaboration to tackle rising digital payment scams

At Business Standard BFSI Insight Summit, PhonePe's Sameer Nigam says MDR is necessary for UPI's growth, while questioning criticism of foreign investors who helped build India's payments ecosystem

At the Business Standard BFSI Summit, PhonePe CEO Sameer Nigam says the company established a dedicated data privacy function as early as 2018

State Bank of India (SBI) Chairman CS Setty on Monday backed the minimal merchant discount rate (MDR) on select Unified Payments Interface (UPI) transactions, stating the move could help banks fund ri

On this episode of Macro Matters, host Ankur Bhardwaj is joined by A K Bhattacharya, Sanjeeb Mukherjee and Archis Mohan to unpack some of the biggest developments shaping India’s economy and politics.

NPCI has postponed the levy of MDR on select UPI merchant transactions, originally due from October 15, while leaving the proposed fee structure unchanged

NPCI has delayed the rollout of MDR fees on select UPI merchant payments until after Diwali. What is the fee, who pays it, and why has the implementation been postponed?

Proposed merchant discount rate (MDR) framework for Unified Payments Interface (UPI) transactions needs to be rationalised before implementation to protect public trust in the digital payments system, according to a report. UPI, a public digital infrastructure, has generated significant convenience for users and productivity gains for the economy, with its long-term economic benefits outweighing the incremental income that could accrue from merchant transaction fees, the report titled 'UPI at a Crossroads: Reintroducing the MDR' released by IIT Bombay said. It cautioned that public trust in UPI could be undermined if the proposed MDR framework is implemented in its present form, stressing the need to ensure that the digital payments platform does not attract negative sentiment among users. The report suggested that merchants with annual turnover of Rs 50 crore or more are mandated by law to provide UPI as a means for accepting payments. Accordingly, the remuneration for the UPI ...

UPI MDR may be deferred to January 1, while the exemption for small merchants could be expanded to businesses with annual turnover of up to ₹40 lakh

RBI Governor Sanjay Malhotra said a small MDR on select UPI payments is unlikely to materially affect transaction volumes as the new charge takes effect from October 15

The proposed expansion will increase the Index of Services Production's coverage from about 60 per cent to 78.4 per cent of services gross value added

Jio Payment Solutions is prioritising large enterprises and profitable segments as it seeks to expand in India's crowded digital payments processing market

LocalCircles estimates UPI transaction volumes could fall 4% and value 10% as consumers shift to cards, cash and bank transfers if merchants pass on the MDR