Mdr Charges
MDR on UPI payments: Six rules govt must settle before charges can start
The Bill opens the door to selective UPI MDR, but leaves the operating details undecided. Here are six questions the final framework will need to answer before any charge takes effect
 "MDR on UPI payments: Six rules govt must settle before charges can start")
The case for keeping UPI free outweighs the costs of its infrastructure
It is worth seeing the argument from a perspective that does not limit itself to asking how UPI infrastructure costs ought to be funded
 "The case for keeping UPI free outweighs the costs of its infrastructure")
Best of BS Opinion: Stock exchange closing auction system needs review
The day's opinion highlights flaws in closing auctions, the funding challenge in digital payments, humane KYC, cognitive warfare and everyday gender discrimination
 "Best of BS Opinion: Stock exchange closing auction system needs review")
Best of BS Opinion: Inflation projections demand monetary tightening
Today's opinions examine the RBI's inflation dilemma, rising life insurance surrenders, India's employment crisis, possible UPI charges and the shift from food to nutrition security
 "Best of BS Opinion: Inflation projections demand monetary tightening")
Baseless, false: Finance Ministry denies reports of fee on UPI transactions
"The Government remains fully committed to promoting digital payments via UPI," the finance ministry said
 "Baseless, false: Finance Ministry denies reports of fee on UPI transactions")
Explained: How 2% MDR on RuPay-UPI may affect credit card industry
According to analysts, SBI Card and Paytm stand to gain the most if RBI agrees to levy 2% merchant discount rate (MDR) on RuPay-based credit cards linked to UPI
 "Explained: How 2% MDR on RuPay-UPI may affect credit card industry")
Top events today: Gen Rawat to take over as CDS, Railway fare hike, & more
Business Standard brings you top events that are lined up for Wednesday
 "Top events today: Gen Rawat to take over as CDS, Railway fare hike, & more")
FM's New Year gift: No MDR charges on RuPay, UPI payments from Jan 1
Department of Revenue (DoR) will soon notify RuPay and UPI as the prescribed mode of payment for digital transactions without any Merchant Discount Rate
 "FM's New Year gift: No MDR charges on RuPay, UPI payments from Jan 1")
Govt to reimburse MDR charges levied on digital payments upto Rs 2,000
The transactions need to made through debit cards, BHIM-UPI and Aadhaar Pay
 "Govt to reimburse MDR charges levied on digital payments upto Rs 2,000")
RBI defends hike in minimum MDR charges, says all stakeholders consulted
Kanungo also said the new rate structure is beneficial to all concerned as it is simple and a single rate
 "RBI defends hike in minimum MDR charges, says all stakeholders consulted")
Govt mulls cut in MDR charges on card buys
Last week, RBI had drastically cut MDR charges on debit card payments from April 1
 "Govt mulls cut in MDR charges on card buys")