Proposed amendment is likely an enabling provision than an immediate policy shift & gives govt greater flexibility to decide ...

Reserve Bank governor Sanjay Malhotra has said it is too early to determine who would bear the cost if the government permits ...

The proposed law does not impose a fee or set a rate; the Centre is reported to be weighing 0.25-0.4 percent MDR on merchant ...

Consumers and small merchants, including kirana stores, can continue using UPI payments without transaction charges as ...

The amendment passed by the House without discussion amid protest by Opposition seeks to remove the existing legal provision ...

For years, Africa’s digital transformation story has largely been told through screens. We have built mobile apps, digital ...

Proposed UPI MDR could enhance fintech revenue by shifting focus to merchants, promoting a sustainable digital payments ...

Governor Sanjay Malhotra on Wednesday indicated that while it is too early to comment on any potential changes to the merchant discount rate (MDR) framework for unified payments interface (UPI) ...

The proposed change in the bill, if it passes, could lead to charges being applied through MDR for UPI-related transactions ...

Happy Thursday! Competition in the payments space may change with merchant fees on UPI potentially making a comeback. This ...

The legislation lays the groundwork for a potential overhaul of India's zero-merchant-discount-rate regime, under which ...

Discover how Bloomberg’s AI-powered earnings tools help equity analysts spot signals earlier, sharpen investment theses and ...