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.
10 Years Of UPI: PM Modi Hails India’s Digital Payments Revolution
UPI completes 10 years as PM Modi highlights its massive growth, global reach and impact on India’s digital payments ecosystem.
‘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.
How Did UPI Grow 12,000x In 10 Years And Transform Payments In India?
How did UPI scale 12,000x in a decade? A look at India’s digital payments boom as transactions hit record highs and reshape the economy.
NPCI Reports 27 Pc Annual Surge In UPI Transactions To 20.39 Billion In February
UPI recorded strong year-on-year growth in both transaction volume and value, reinforcing its dominance in India’s digital payments ecosystem.
India’s UPI May Enter Japan As NPCI, NTT Data Plan Trial For Indian Tourists
India’s QR-based UPI payments could soon work in Japan, with a planned trial aimed at easing transactions for a fast-growing Indian tourist base.
UPI Becomes World’s Most Used Real-Time Payment System; Processes 640 Million Transactions Daily
India’s Unified Payments Interface (UPI) has emerged as the world’s most used real-time payment system, according to the International Monetary Fund (IMF).
Finance Minister Targets One Billion Daily UPI Transactions Within Three Years
Finance Minister Nirmala Sitharaman on Monday stressed the need to target one billion UPI transactions per day within two to three years.
IDFC FIRST Bank Launches FIRST EARN Credit Card With Fixed Deposit & UPI Cashback
IDFC FIRST Bank, in collaboration with RuPay, has introduced a new UPI-enabled credit card named FIRST EARN, offering instant online access.
