SC asks ‘what is the service’ behind new charges NEW DELHI: The Supreme Court has issued notice to the Centre, the Reserve Bank of India (RBI) and the National Payments Corporation of India (NPCI) on ...
Govt sources issue clarification amid UPI MDR row NEW DELHI: Banks will monitor merchants to ensure that the Merchant Discount Rate (MDR) on UPI transactions is not passed on to consumers, news agency...
Finance minister Nirmala Sitharaman Union finance minister Nirmala Sitharaman has backed the recently announced Merchant Discount Rate (MDR), saying that the mechanism will be imposed on operators and...
UPI payments. (Representative image) Government on Monday notified that banks and payment system providers cannot impose direct or indirect charges on Unified Payments Interface (UPI) transactions of ...
The government said that the overwhelming majority of merchant transactions on UPI will continue to remain free. Will your UPI transactions soon be chargeable? That’s the question on the minds of user...
Union finance minister Nirmala Sitharaman speaking during the Monsoon session of Parliament Finance minister Nirmala Sitharaman on Thursday pushed back Congress leader Jairam Ramesh’s claims tha...