UPI MDR Implementation Delayed Until After Diwali
NPCI has deferred the MDR on select UPI transactions until after Diwali, affecting implementation dates.
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Tag: UPI
Supreme Court Upholds UPI MDR Implementation, Requests Input from Government and Regulatory Bodies
The Supreme Court has declined to stay the October 15 rollout of the new Merchant Discount Rate (MDR) framework.
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PhonePe Surpasses 11 Billion Monthly UPI Transactions in August; G-Pay Approaches 8 Billion
PhonePe crossed 11 billion monthly transactions in August, while Google Pay neared 8 billion, NPCI reports.
Read moreDetails“NPCI Introduces 0.4% MDR for UPI Transactions Over Rs 2,000, Caps Fees at Rs 300 for Higher Amounts”
NPCI introduces 0.4% MDR on P2M UPI transactions above Rs 2,000, effective from Oct 15, 2026.
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No Fees for UPI and RuPay Debit Card Transactions Under ₹2,000: Government Clarifies
The Centre has specified that banks cannot impose charges on UPI transactions up to Rs 2,000 or RuPay debit cards.
Read moreDetailsPhonePe Approaches 11 Billion Monthly UPI Transactions in July; CRED Drops to Tenth Place
PhonePe retained its dominance in UPI with 10.86 billion transactions, holding 45.89% of the volume.
Read moreDetails“Government Legislation Marks the Comeback of MDR on UPI”
The Centre introduced the Taxation and Other Laws (Amendment) Bill, 2026, allowing flexible electronic payment modes.
Read moreDetailsUPI Achieves Record-Breaking 23.66 Billion Transactions in July
UPI recorded 23.66 billion transactions in July 2026, worth Rs 29.88 lakh crore, surpassing previous records.
Read moreDetailsWhatsApp Surges Past CRED in UPI Transactions for June; PhonePe Maintains Dominance
WhatsApp processed 150.48 million UPI transactions in June, overtaking CRED's 141.78 million.
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PhonePe Clarifies Wallet Fees Pertaining Exclusively to Idle Balances
PhonePe clarified that inactive wallet fees won't impact linked bank accounts or UPI transactions.
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