Page 2 - Upi

Trade bodies call for 'No UPI Day' on October 2 to protest MDR levy

Business associations plan a No UPI Day on October 2 to protest the 0.4 per cent merchant discount rate set to apply to UPI merchant payments above Rs 2,000 from October 15

HDFC Bank eyes digital rupee for rewards, allowances, in-flight payments

Bank is developing digital rupee gift vouchers, corporate payouts and offline payments on flights, while integrating its CBDC wallet with BHIM for merchant payments

What Makes A Founder Worth Backing? Kavita Gupta On AI, FOMO & Investing | Manager’s Mantra

In this episode of Manager’s Mantra, venture capitalist Kavita Gupta discusses how investors judge founders, why experience can matter more than degrees, and what she looks for before writing a cheque

UPI's 10th birthday party

All marketers know that offering something 'free' can act as a customer magnet. This has fascinated behavioural economists

All about political capital

A fee on UPI transactions is economically logical, but it reflects the govt's evolving approach to one of its key political constituencies

Let's not fritter away UPI gains

The benefits of keeping it free far outweigh the costs

Govt should retain zero-fee UPI for few more years: NITI Aayog's former VC

NITI Aayog's former vice-chairman Rajiv Kumar on Monday suggested the government to continue with zero-fee UPI transactions for at least a few more years until the currency-to-GDP ratio shows some tendency to decline, and then review the situation. Kumar told PTI that he is not in favour of charging any fee from merchants for using UPI for any transaction value, and the government should treat it as a public good with extensive positive externalities. "Their overall benefits well far outweigh the cost of Rs 20,000 crore that the public exchequer has to bear for maintaining the UPI infrastructure. "...so let's continue with zero-fee UPI transactions for at least a few more years until the currency-to-GDP ratio shows some tendency to decline," he said. While 96 per cent of unit transactions are less than Rs 2,000, it is estimated that nearly 66 per cent of transactions by value are above this level. "This presents a very significant opportunity for transactions to shift back to cash

UPI Above Rs 2,000: Why Charge If Only 4% Are Affected? | Rohit Mahajan

In this episode of Manager's Mantra, Rohit Mahajan, Founder and CEO of Plutos ONE, discusses the debate around UPI and MDR, and how AI is making it easier for people to build new products

UPI MDR: These stocks could be the winners | New UPI charges | Digital payments

NPCI’s new 0.4% MDR on select UPI merchant payments opens up a new revenue pool for payment companies. Here’s what brokerages estimate for Paytm and Pine Labs.

UPI pads up at the crease: From free play to revenue with new MDR regime

The payments system is set to get a big leg-up with the pricing on UPI

The ₹1-lakh question: When does a small UPI merchant stop being 'small'?

Merchants receiving up to ₹1 lakh a month in eligible UPI QR payments remain outside the new MDR regime, but repeated breaches can trigger reclassification to P2M

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

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

Govt considers mechanism to check pass-through of MDR to customers

Government may monitor merchants to ensure new UPI charges are not passed on to consumers from October 15

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

Sebi to look into stock broker concerns over MDR on UPI transactions

Brokers in discussion with the market regulator as the charge raises operational cost

Delhi merchants up in arms, say MDR on UPI could mark return to cash

New UPI charges on high-value merchant payments are raising concerns among Delhi retailers, with some considering a shift towards cash to protect margins