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Browsing Tag

merchant discount rate

4 posts
MMobile
‘No question of rollback’: Govt digs in on UPI charges amid Rahul Gandhi’s attack | India News
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‘No question of rollback’: Govt digs in on UPI charges amid Rahul Gandhi’s attack | India News

  • September 16, 2026
No question of rollback of 0.4% MDR charges on UPI transactions over Rs 2,000. NEW DELHI: The government…
MMobile
Free to fee: 0.4% on UPI payments over Rs 2,000
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Free to fee: 0.4% on UPI payments over Rs 2,000

  • September 16, 2026
MDR kicks in from October 15 NEW DELHI: National Payments Corporation of India on Tuesday announced a 0.4%…
MMobile
Razorpay CEO joins PhonePe chief in backing free UPI payments for consumers amid doubts over MDR
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Razorpay CEO joins PhonePe chief in backing free UPI payments for consumers amid doubts over MDR

  • August 9, 2026
After PhonePe founder and CEO Sameer Nigam assured consumers that UPI payments would remain free for them, Razorpay’s…
MMobile
The bank will not charge payment aggregators if the UPI transactions are settled directly into an ICICI Bank account held by the merchant.
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ICICI Bank to charge Google Pay, Phone Pe & other payment aggregators for UPI transactions: What it means for users

  • August 1, 2025
Starting August 1, private sector lender ICICI Bank will start charging payment aggregators (PAs) a fee for handling…
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