Payment Firms Seek Bigger Share as UPI MDR Rollout Nears
NEW DELHI: India’s UPI system is about to enter a different phase. From October 15, selected merchant payments above ₹2,000 will carry a Merchant Discount Rate (MDR), creating a revenue...
Tag: UPI payments
8 results found
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...
NPCI International Partners with Uzbekistan’s NIPC to Bring UPI Payments...
New Delhi, August 31: NPCI International Payments Ltd. (NIPL), the international arm of the National Payments Corporation of India (NPCI), has entered into a commercial agreement with the National Interbank...
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...
Major Financial changes take effect from June 1: What you...
New Delhi: Starting June 1, 2026, India has witnessed several crucial financial and banking-related changes that affect millions of people in the country. There have been several important financial and...
Small ticket transactions rule UPI, credit cards still preferred for...
New Delhi: India’s Unified Payment Interface (UPI) has continued to dominate India’s payments ecosystem, with small ticket transactions, mostly under Rs.1,348 on average, dominating the transaction volumes, which reached almost...
Pay through your glasses? Lenskart’s UPI Smartglasses make it possible
New Delhi: What users actually expect from any of the smartglasses is to take photos, videos, and to speak to someone on a call, or to listen to music, and...
Venlo to enable faster, cost-effective global payments for Indian creators
Bengaluru: Cross-border payments product Venlo has relaunched its platform, enabling businesses, freelancers, creators and remote teams in India to accept global payments in a more straightforward, frictionless and cost-effective manner....
