Upi

UPI average daily transaction value crosses ₹1 trillion in October

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

BFSI Insight Summit: MDR vital to sustain UPI growth, says PhonePe CEO

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

Still have 600 mn users left to acquire on UPI: PhonePe chief Sameer Nigam

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

BFSI Insight Summit 2026: 'Real-time fraud check key in 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

UPI needs sustainable revenue model for growth: PhonePe CEO on MDR debate

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

PhonePe CEO Sameer Nigam backs DPDP Act, says no impact on business

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

UPI boom needs investment, minimal MDR can help: C S Setty, Chairman, SBI

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

UPI politics, SIR protests and India’s inflation squeeze | Delhi Police | CEC | Macro Matters Ep 10

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.

UPI MDR deferred until after Diwali, new date to be notified: NPCI

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

UPI charges put on hold until after Diwali: Who will pay? | MDR | UPI payments

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?

UPI MDR framework needs rationalisation to protect public trust: Report

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 ...

Festival breather: UPI merchant fee may be deferred till January 1

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

Small fee unlikely to impact UPI transaction volumes: RBI Governor on MDR

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

Mospi proposes adding health, education to services production index

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

No preferential access to biz from group cos: Jio Payment Solutions CEO

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

UPI transaction value may drop 10% after Oct 15 MDR rollout: Survey

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

UPI continues to grow strongly, volumes up 23% at 24.07 bn in September

Clocks highest daily avg volume of over 800 mn transactions

LPG, SBI ATM, UPI: Five rule changes in October explained | Key financial changes | MDR charges

October brings five financial changes that could affect consumers and businesses differently. LPG consumers need biometric Aadhaar authentication to access subsidised refills. Some SBI customers will

UPI usage holds steady in September despite backlash over new MDR norms

UPI processed an average 802 million transactions a day in September, up about 1 per cent from August, while transaction value also remained firm despite the MDR backlash

Two trade bodies meet FM, withdraw from No UPI Day protest on October 2

AICPDF and AIMRA have withdrawn from the October 2 protest after urging the government to defer the proposed UPI MDR and raise the threshold limit to ₹5 lakh