Page 2 - Mdr

MDR unlikely to trigger shift back to cash: RBI Deputy Governor S C Murmu

RBI Deputy Governor S C Murmu says MDR will help the payments ecosystem recover costs, while cash continues to retain a significant role as a store of value

MDR reset: Flat ₹5 UPI fee on the table for capital-market transactions

Proposal needs Sebi representation, followed by RBI, govt nod

Small retailers may pass on 0.4% UPI MDR, shift to bank transfers

Industry bodies say small retailers could seek to avoid the 0.4 per cent UPI MDR by shifting to bank transfers, splitting transactions or passing on the cost

Who pays for UPI? | MDR | UPI charges | BRICS | West Asia | Tata Sons | Macro Matters Ep 8

In this episode of Macro Matters, Ankur Bhardwaj speaks with A K Bhattacharya, Archis Mohan and Sanjeeb Mukherjee on UPI charges, Tata’s succession question, an expanded BRICS and how the West Asia.

UPI MDR apprehension unlikely to spur higher cash usage: RBI DG Murmu

Concerns that introducing a Merchant Discount Rate (MDR) would spur a surge in cash transactions are unlikely to materialise, RBI Deputy Governor Shirish Chandra Murmu said on Friday, adding that it was only an "initial apprehension". From October 15, a 0.4 per cent MDR will apply to person-to-merchant UPI payments above Rs 2,000. The charge will be paid by merchants, not consumers, and will be capped at Rs 300 for transactions of Rs 75,000 or more. Payments between individuals, as well as the vast majority of everyday merchant payments, will remain free. "I don't think that apprehension will come true. It will be just initial apprehension," Murmu said while addressing a financial market conclave hosted here by BCC&I on whether more cash would be used because of MDR. "Because it is a major shift in terms of how basically you are recovering the cost. So, that's why it may be apprehension only. I don't think this will have any impact, unlike some voices about whether cash will go up

UPI MDR wins payments industry support, but merchants fear higher costs

The 0.4 per cent charge on merchant UPI payments above Rs 2,000 could generate up to Rs 20,600 crore annually, but retailers and fuel dealers fear margin pressure and a possible shift towards cash

Congress rejects claim its MPs backed fee on high-value UPI payments

Congress says no specific UPI fee proposal was discussed by the finance panel, disputing the government's claim of MPs' support

In the age of UPI, cash still going strong as circulation growth picks up

Cash in circulation rises 12.5% as UPI grows, raising concerns that MDR could slow the shift to digital payments

Oil ministry officials meet petroleum dealers body on MDR exemption demand

Petroleum dealers have sought exemption from MDR on UPI fuel purchases above Rs 2,000, warning that the additional transaction cost could put pressure on prescribed dealer margins

UPI charges: What will you actually pay? | MDR | UPI transfer | UPI payment

₹1 lakh via UPI can mean different merchant-side charges depending on where you pay. Here’s what the new MDR rules mean for family transfers, shops, stockbrokers and bills—and whether you pay anything

UPI’s new 0.4% fee: Who pays—you or the shopkeeper? | MDR | UPI charges

UPI will remain free for consumers, but certain merchants will pay a 0.4% merchant discount rate on transactions above ₹2,000 from October 15.

New UPI MDR framework to support innovation and investment: Assocham

Assocham said the new UPI MDR framework for high-value merchant payments will support investment in technology and infrastructure, while helping expand UPI acceptance across the country

New MDR norms put netbanking back in play for Indian stockbrokers

UPI carries 0.02% MDR, capped at ₹300, while netbanking costs ₹8-12, negotiated between banks and payment service providers

MDR on UPI payments likely to unlock ₹15K-21K crore revenue pool

Brokerages expect banks to receive the largest share of the levy, while Paytm, Pine Labs and other fintechs could gain from higher transaction-linked revenue annually

Govt holds firm on UPI MDR as Opposition mounts pressure for rollback

Finance Ministry rejects claims of US pressure behind UPI MDR, as Opposition parties and trader groups demand reconsideration of the new merchant fee

Higher-than-expected 40 bps UPI fee set to boost fintech earnings

The framework excludes UPI-linked CC payments, and is expected to affect only 4 per cent of merchant transaction volume.

Apps oppose platform fee ban on UPI bill payments under new MDR norms

UPI apps say their Rs 1 share from a Rs 5 MDR on larger bill payments will not cover Bharat Bill Payment System commissions, while smaller transactions earn nothing at all

MDR on UPI payments face 18% GST; registered biz can claim input tax credit

Experts say GST will raise the upfront cost of accepting eligible UPI payments, but registered businesses can offset the tax through input tax credit, subject to applicable rules.

PIL in SC challenges 0.4% MDR on UPI transactions above ₹2,000 in India

Petitioner questions the amended payment law, lack of gazette publication and differing treatment of UPI and RuPay debit-card transactions under the new framework

RAI warns UPI merchant fee could push small retailers back towards cash

Industry body says the charge could drive small merchants back to cash, weaken formalisation and undermine digital payment adoption during the festive season across India.