NPCI
News, policy decisions and regulatory analysis involving NPCI. Tracking 6 stories on Arth Vani.
Connected in the graph
Latest on NPCI
BreakingUPI Merchant Fee Shake-up: Digital Payments Face Business Model Test
India's recent changes to UPI merchant fees are challenging the established business models of digital payment providers. The move aims to ensure a sustainable ecosystem for all stakeholders.
BreakingFintech Platforms May Retain Service Fees Despite UPI Zero-MDR Directive
Indian fintech platforms are expected to continue levying certain "platform fees" for value-added services, a practice distinct from the National Payments Corporation of India's (NPCI) directive for zero Merchant Discount Rate (MDR) on UPI transactions. This means that while core UPI payments remain free for users, charges may still apply for specific conveniences offered by these payment applications.
BreakingNPCI Clarifies: GST on MDR Not Extra Burden for Merchants, Can Be Adjusted Against Tax
The National Payments Corporation of India (NPCI) has clarified that the Goods and Services Tax (GST) charged on Merchant Discount Rate (MDR) will not impose an additional financial burden on businesses. Merchants can claim this GST amount as Input Tax Credit (ITC), effectively adjusting it against their overall tax liabilities. This move aims to alleviate concerns among businesses regarding the cost implications of digital transactions.
UPI Interchange Fee: Small Businesses May Reconsider PPI-Based Payments
From April 1, 2023, a 1.1% interchange fee is applied to UPI payments made via Prepaid Payment Instruments (PPIs) like wallets for transactions exceeding ₹2,000. This development, which has prompted questions about its impact, could lead small businesses to re-evaluate their acceptance of such digital payments due to added costs.
BreakingUPI Transaction Fees: What You Need to Know
The era of free UPI transactions is coming to an end for certain payment service providers. New regulations are set to introduce charges for specific UPI activities, potentially impacting how users make payments.
BreakingNPCI Pilots AI to Catch Digital Fraudsters in Real-Time, Safeguarding Your Money
The National Payments Corporation of India (NPCI) is testing new AI technology to make digital transactions safer for everyone. This system can track stolen money as it moves between bank accounts, aiming to stop fraudsters in real-time and significantly reduce losses for victims.
Some listings may be sponsored and Arth Vani may earn a referral fee. All information is for educational purposes only — verify terms and suitability with the provider before acting. Not financial advice.