Tag: Merchant Discount Rate

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India puts a small fee on big UPI payments

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India puts a small fee on big UPI payments

New Delhi: Shopping via UPI will soon cost a bit more, but not for shoppers, only for shopkeepers, from October 15th onwards, for larger transactions. The NPCI, the entity responsible...

By Punit Panchal
September 17, 2026

UPI Payments above ₹2,000 may soon have charges: What it could mean for everyday Indians

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UPI Payments above ₹2,000 may soon have charges: What it...

New Delhi: The Indian government is mulling a sizeable shift that may lead to charges on payments on UPI exceeding ₹2,000. It is not decided yet, but already it has...