Payments
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UPI Charge Not Tax, 96% Transactions Won't Be Unaffected: Government Sources
The government and the National Payments Corporation of India (NPCI), which operates UPI, have said that MDR is a merchant-side payment-processing charge, not a tax, cess or surcharge.
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Samsung Wallet Adds Fingerprint Authentication for UPI Payments Up to Rs 10,000 in India
Samsung has introduced fingerprint-based authentication for UPI payments through Samsung Wallet in India. Galaxy users can authorise eligible transactions worth up to Rs. 10,000 without entering their UPI PIN. The company says the on-device authentication can help users avoid exposing their PIN while making payments in public and may reduce failure...
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'6 Crore Traders Disappointed': Trade Body Urges Nirmala Sitharaman To Roll Back UPI Charges
CTI has asked the Finance Ministry to reconsider MDR charges, saying that a fee on larger UPI transactions could make cash more attractive.
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Fuel Pumps Warn They Won't Accept UPI Payments Above Rs 2,000 Over New Fee
Petrol pump dealers are seeking a complete exemption from the proposed 0.4% MDR on UPI fuel payments and may stop accepting UPI transactions above Rs 2,000 from October 15.
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"UPI Payment Will Not Be Accepted": Ghaziabad Traders Put Up Notices Over MDR
"UPI Payment Will Not Be Accepted" notices have appeared outside shops in Ghaziabad as traders protest the proposed MDR on selected UPI transactions above Rs 2,000 from October 15.
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"Fallacious": Congress MP On Claim That Party MPs Did Not Dissent On UPI Tax
Five Congress MPs - Gaurav Gogoi, P Chidambaram, Manish Tewari Kishori Lal and K Gopinath - attended the Parliamentary Standing Committee on Finance in August.
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5 Congress MPs On Parliament Panel That Sought Charge On UPI Payments, Did Not Dissent: Sources
The parliamentary panel chaired by Bhartruhari Mahtab of the BJP said tiered MDR be notified without delay, in observations in its 44th report in August.
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Opinion | How A Tiny 0.4% UPI Fee Could Change How India Pays
The introduction of a fee can have a psychological effect beyond its immediate financial cost. Businesses that have come to view digital payments as free may begin to look for alternative - split payments, cash, and so on
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UPI Charges From October 15: 10 Things Every User Should Know Before Paying Online
Small merchants receiving up to Rs 1 lakh a month through UPI QR payments will continue to operate under zero MDR, as per the new framework.
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New UPI Charges: If Digital Payments Save Money, Why Charge For Them Now?
UPI Payments Free For Years: The government has subsidised UPI adoption for years. Official figures show thousands of crores in payouts over years.
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Fuel Payment, Phone Purchase, Restaurant Bills: UPI Charges Explained
If you are a customer paying at an outlet or someone sending money to another, you pay no charges on UPI transactions
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What Is OneTag - 5 Things To Know About Flexible FASTag Payment
Here's everything you need to know about OneTag, including activation steps and important dos and don'ts.
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Using UPI for More Than Rs 2,000? Here’s What It Means for Your Wallet
The government has clarified the rules around charges on digital payments. In recent days, there have been concerns over whether recent changes to the Payment and Settlement Systems Act, 2007, could eventually result in charges for UPI users in India. The latest notification, issued by the Ministry of Finance on Monday, reveals that consumers will ...
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UPI Payments Up To Rs 2,000 Are Free. Here's What Happens Beyond That
If you pay Rs 5,000 or Rs 10,000 through UPI, there is currently no government-announced consumer transaction fee that automatically applies.
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NPCI Launches UPI Tap & Pay, MyUPI With NFC Payments and AI-Powered Tools
NPCI has introduced two new services designed to change how users make and manage UPI payments. UPI Tap & Pay uses NFC to let customers pay through compatible POS terminals, with transactions relying on the terminal's internet connection. MyUPI expands UPI Help with AI-based features covering payment records, AutoPay mandates, beneficiary informati...
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UPI Charge Not Tax, 96% Transactions Won't Be Unaffected: Government Sources
The government and the National Payments Corporation of India (NPCI), which operates UPI, have said that MDR is a merchant-side payment-processing charge, not a tax, cess or surcharge.
-
Samsung Wallet Adds Fingerprint Authentication for UPI Payments Up to Rs 10,000 in India
Samsung has introduced fingerprint-based authentication for UPI payments through Samsung Wallet in India. Galaxy users can authorise eligible transactions worth up to Rs. 10,000 without entering their UPI PIN. The company says the on-device authentication can help users avoid exposing their PIN while making payments in public and may reduce failure...
-
'6 Crore Traders Disappointed': Trade Body Urges Nirmala Sitharaman To Roll Back UPI Charges
CTI has asked the Finance Ministry to reconsider MDR charges, saying that a fee on larger UPI transactions could make cash more attractive.
-
Fuel Pumps Warn They Won't Accept UPI Payments Above Rs 2,000 Over New Fee
Petrol pump dealers are seeking a complete exemption from the proposed 0.4% MDR on UPI fuel payments and may stop accepting UPI transactions above Rs 2,000 from October 15.
-
"UPI Payment Will Not Be Accepted": Ghaziabad Traders Put Up Notices Over MDR
"UPI Payment Will Not Be Accepted" notices have appeared outside shops in Ghaziabad as traders protest the proposed MDR on selected UPI transactions above Rs 2,000 from October 15.
-
"Fallacious": Congress MP On Claim That Party MPs Did Not Dissent On UPI Tax
Five Congress MPs - Gaurav Gogoi, P Chidambaram, Manish Tewari Kishori Lal and K Gopinath - attended the Parliamentary Standing Committee on Finance in August.
-
5 Congress MPs On Parliament Panel That Sought Charge On UPI Payments, Did Not Dissent: Sources
The parliamentary panel chaired by Bhartruhari Mahtab of the BJP said tiered MDR be notified without delay, in observations in its 44th report in August.
-
Opinion | How A Tiny 0.4% UPI Fee Could Change How India Pays
The introduction of a fee can have a psychological effect beyond its immediate financial cost. Businesses that have come to view digital payments as free may begin to look for alternative - split payments, cash, and so on
-
UPI Charges From October 15: 10 Things Every User Should Know Before Paying Online
Small merchants receiving up to Rs 1 lakh a month through UPI QR payments will continue to operate under zero MDR, as per the new framework.
-
New UPI Charges: If Digital Payments Save Money, Why Charge For Them Now?
UPI Payments Free For Years: The government has subsidised UPI adoption for years. Official figures show thousands of crores in payouts over years.
-
Fuel Payment, Phone Purchase, Restaurant Bills: UPI Charges Explained
If you are a customer paying at an outlet or someone sending money to another, you pay no charges on UPI transactions
-
What Is OneTag - 5 Things To Know About Flexible FASTag Payment
Here's everything you need to know about OneTag, including activation steps and important dos and don'ts.
-
Using UPI for More Than Rs 2,000? Here’s What It Means for Your Wallet
The government has clarified the rules around charges on digital payments. In recent days, there have been concerns over whether recent changes to the Payment and Settlement Systems Act, 2007, could eventually result in charges for UPI users in India. The latest notification, issued by the Ministry of Finance on Monday, reveals that consumers will ...
-
UPI Payments Up To Rs 2,000 Are Free. Here's What Happens Beyond That
If you pay Rs 5,000 or Rs 10,000 through UPI, there is currently no government-announced consumer transaction fee that automatically applies.
-
NPCI Launches UPI Tap & Pay, MyUPI With NFC Payments and AI-Powered Tools
NPCI has introduced two new services designed to change how users make and manage UPI payments. UPI Tap & Pay uses NFC to let customers pay through compatible POS terminals, with transactions relying on the terminal's internet connection. MyUPI expands UPI Help with AI-based features covering payment records, AutoPay mandates, beneficiary informati...
