Launched in 2012, RuPay is India's homegrown payment network for financial services. The payment system was launched by the Reserve Bank of India (RBI) to ensure that every Indian bank and financial ...

The digital payments industry faces a Rs 500-600 crore loss as the government withdraws RuPay debit card subsidies. Fintech firms seek MDR reinstatement or higher subsidies, fearing unsustainable ...

It is one thing to oppose Hindi but quite another to oppose a symbol, especially one that represents the Indian rupee, merely because it has the accoutrements or trappings of Devanagari, which the ...

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The Indian government is reconsidering its exemption of UPI and RuPay card payments from the Merchant Discount Rate (MDR), a key revenue source for online payments. Merchant Discount Rate (MDR) refers ...

The government may be considering bringing back merchant charges on transactions made using Unified Payments Interface (UPI) and RuPay-powered debit cards. UPI is an instant payment system ...

The government may reintroduce merchant discount rate charges on UPI and RuPay transactions for large merchants, impacting the digital payments landscape. The Central government is contemplating ...

The government is considering reinstating merchant charges on UPI and RuPay debit card payments for large merchants, which were waived in 2022. Fintech companies argue that these businesses can ...

The government is planning to introduce a tiered pricing system, where bigger businesses pay higher charges while small businesses pay reduced charges. Listen to Story Government may bring back ...

The government is evaluating a proposal to bring back merchant charges on transactions conducted through Unified Payments Interface (UPI) and RuPay debit cards, according to a report by The Economic ...

Currently, there is no merchant discount rate (MDR) on UPI and RuPay debit card transactions processed through the National Payments Corporation of India. These charges are paid by merchants to banks ...

Bankers have proposed that the Centre bring back merchant discount rate (MDR) on UPI and RuPay-based transactions for large merchants Merchants whose annual turnover is below INR 40 Lakh will ...