Can 50 Lakh Payment Devices Take Digital Payments To India’s Last Mile? PhonePe Bets Big
Can 50 lakh payment devices take digital payments to India’s last mile? PhonePe plans 20,000 hires and a major push into smaller towns and villages.
UPI Gets A Price Tag: Could The New MDR Create A Rs 20,000 Crore Revenue Stream?
A new 0.4% MDR on selected UPI merchant transactions could create a Rs 20,000 crore revenue opportunity for banks and fintechs from October 15.
UPI Charges Explained: Centre Says Person-To-Person Payments Will Remain Free
The Centre has clarified that person-to-person UPI transactions will remain free, while possible merchant charges under the new law are yet to be finalised.
‘UPI Payments Will Remain Free’: Govt Clarifies MDR Proposal
The government said UPI payments will remain free for consumers, while any future MDR would apply only to select merchant transactions.
Government Proposes MDR On High-Value UPI, RuPay Transactions
The government has proposed allowing MDR on high-value UPI and RuPay transactions through amendments to the Payment and Settlement Systems Act.
Paytm Sees Major Trade Involving 1.7 Crore Shares; Stock Dips Slightly
Shares of One97 Communications Ltd, the parent company of Paytm, dipped slightly on Tuesday after a massive trade involving 1.7 crore shares.
