Page 3 - Upi

The next frontier

Digital-payment trail can improve risk assessment for lending

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

'Don’t put the burden on us': What Delhi shopkeepers say about the new UPI charges | MDR

UPI payments will remain free for consumers, but from October 15, eligible merchants will face a 0.4% MDR on certain UPI transactions above ₹2,000.

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.

MDR may push small merchants, price-sensitive consumers towards cash: GTRI

The Merchant Discount Rate (MDR) charges on UPI transactions above Rs 2,000 could push small merchants and price-sensitive consumers back towards cash, economic think tank GTRI said on Wednesday. Effective October 15, UPI payments to merchants (P2M) above Rs 2,000 will attract a 0.4 per cent MDR with an overall cap of Rs 300. Besides, a flat concessional MDR of Rs 5 would be applicable on specific merchant categories such as railways, telecom services, insurance, and fuel for transaction above Rs 2,000. "MDR could push small merchants and price-sensitive consumers back towards cash," GTRI Founder Ajay Srivastava said in a social media post. He said that UPI fees are not about revenue as keeping UPI free costs the government Rs 2,000-2,500 crore annually. "This is tiny compared with subsidies of Rs 2.03 lakh crore for food, Rs 1.68 lakh crore for fertilisers, Rs 22,800 crore for agricultural credit and Rs 12,500 crore for petroleum and LPG," he said adding the NPCI (National Payment

'No question of rethinking 0.4% UPI MDR above ₹2,000': Govt official

The government has said the MDR will apply within the merchant payment ecosystem and will not be charged to consumers

No foreign influence behind MDR on UPI payments above ₹2,000: FinMin

The finance ministry on Wednesday clarified that there was no foreign influence behind the decision to impose 0.4 per cent Merchant Discount Rate on UPI transactions above Rs 2,000. The clarification follows accusations by some Opposition parties, including the Congress, that the government succumbed to US pressure in taking the decision to impose the Merchant Discount Rate (MDR). "Some claims suggest the change is due to foreign influence. This is false. India's UPI policy decisions are made independently, with the clear goal of building a self-sustaining, inclusive, and affordable digital payments ecosystem," the finance ministry said in a post on X. Since its launch in 2016, UPI has grown into the world's largest real-time interoperable payment system - entirely on India's own terms, it said. UPI processed 24.5 billion transactions in August 2026 alone. To keep this system self-sustainable, secure and innovative, a small fee on high-value merchant transactions helps fund better

UPI MDR above ₹2,000 may attract 18% GST; merchants can claim ITC

Merchants would have to pay 18 per cent GST on the Merchant Discount Rate (MDR) charges for UPI payments above Rs 2,000, but can claim input tax credit (ITC), thereby easing the overall tax burden, tax experts said on Wednesday. Effective October 15, UPI payments to merchants (P2M) above Rs 2,000 will attract a 0.4 per cent merchant discount rate with an overall cap of Rs 300. Besides, a flat concessional MDR rate of Rs 5 would be applicable on specific merchant categories such as railways, telecom services, insurance, and fuel for transaction above Rs 2,000. The share of P2M UPI transactions above Rs 2,000 has steadily increased from 15.1 per cent in FY23 to 20.1 per cent in the June quarter of FY27, reflecting a sustained shift towards higher-value merchant payments on UPI. Under the proposed framework, the MDR would be borne by the merchants as a charge for payment settlement services. Since the charge is to be borne by merchants for processing and settling digital payment ...

PM Modi has decided to prostrate before Trump: Rahul Gandhi on 'UPI tax'

In a video posted on X, Gandhi urged Prime Minister Modi to "stop lying down in front of the US, have a spine, stand up" and rollback the "UPI tax".

UPI MDR charges: What consumers need to know about the change in rules

New UPI MDR rules will apply to select merchant transactions, but consumers can continue using UPI for daily payments, QR payments and AutoPay without transaction charges

UPI gets MDR: How 0.4% merchant fee compares with debit, credit cards

The new UPI MDR ends its zero-cost model for select high-value merchant payments; here is how the 0.4 per cent charge compares with what merchants pay to accept debit and credit cards