Tag: UPI Charges

UPI Introduces Charges on Transactions Over Rs 2000 from October 15

Finance
UPI payment transactions will undergo a significant change starting October 15, with the introduction of a Merchant Discount Rate (MDR) on payments exceeding Rs 2,000 made to merchants. The new charges were announced by the government...

Madhya Pradesh Petrol Pumps to Cap UPI Payments at ₹2,000 From Oct 16 Over New Fees

Madhya Pradesh
The Madhya Pradesh Petroleum Dealers Association has confirmed that members will cease accepting Unified Payments Interface (UPI) transactions exceeding Rs 2,000 beginning October 16. This decision is attributed to the newly proposed 0.4 per cent Merchant...
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Mumbai

‘Running UPI System Is Not Cheap’: Omar Abdullah Defends Merchant Charges

Finance
Jammu and Kashmir Chief Minister Omar Abdullah has backed the Centre’s decision to introduce a 0.4 per cent merchant discount rate (MDR) on UPI...

‘Surrendered to the US’: K C Venugopal Slams Centre Over UPI Charges, Claims Foreign Interests Prioritized

Politics
K.C. Venugopal, General Secretary of the All India Congress Committee (AICC), has expressed strong disapproval of the Union government's recent introduction of transaction fees...

Brokerages Upgrade Paytm Earnings Forecasts Following India’s New UPI MDR Policy

Business
India's recent introduction of a merchant discount rate (MDR) on UPI transactions exceeding Rs 2,000 has led various brokerages to significantly revise their earnings...

UPI Payments for Consumers Stay Free While Merchant Transactions Over Rs 2,000 Will Incur a Fee

Finance
Unified Payments Interface (UPI) transactions continue to be free for consumers, emphasising the Indian government's commitment to promoting digital payments. The interface allows users...

New UPI Charges to Take Effect from October 15, 2023

Finance
A new charge structure for UPI payments will be implemented from October 15, affecting only certain transactions. Under the new Merchant Discount Rate (MDR)...

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