Tag Archive: UPI

Supreme Court to hear plea against proposed UPI payment charges today

The Supreme Court will hear a PIL today challenging the proposed 0.4 per cent MDR on certain person-to-merchant UPI payments above Rs 2,000.

Apple Pay prepares for India launch with Axis Bank support

Apple is preparing to launch Apple Pay in India, with Reuters reporting that Axis Bank credit cards may be supported in the initial phase in October 2026.

Proposed UPI Charge Spurs Cash Demand at Some Petrol Pumps

The proposed MDR on UPI payments above ₹2,000 for fuel transactions has raised concerns among petrol pump dealers, with some customers shifting to cash.

Scindia Responds to Rahul Gandhi’s UPI MDR Claims

Union Minister Jyotiraditya Scindia has responded to Congress leader Rahul Gandhi’s criticism of the Centre’s new Merchant Discount Rate (MDR) framework...

Ashneer Grover Questions Government Over UPI MDR on Large Merchant Payments

Ashneer Grover has questioned the government over MDR on large UPI merchant transactions, saying any UPI charge could affect digital payments.

MDR Charges on RuPay, Visa and MasterCard Are Not New

MDR on RuPay, Visa and MasterCard is not a new charge. The latest discussion mainly concerns UPI and RuPay debit card transaction charges.

What India Could Gain From Xi Jinping’s BRICS Visit to India

Chinese President Xi Jinping is set to visit India for the September 12-13 BRICS summit, with talks likely on border issues, trade and economic relations.

MSMEs Go Digital: UPI Drives Growth, Women Power Aadhaar Banking

India’s micro, small and medium enterprises (MSMEs) are undergoing a transformative digital shift—one that is redefining both their operational models