UPI
Latest news, explainers and analysis on UPI. Tracking 33 stories on Arth Vani.
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Latest on UPI
BreakingMDR on UPI Transactions Over ₹2,000 Deferred Until After Diwali
The Merchant Discount Rate (MDR) on UPI transactions exceeding ₹2,000 has been deferred, meaning merchants will not be charged this fee for now. This decision provides a temporary reprieve for businesses and consumers, with the potential charges set to come into effect only after the Diwali festival, as reported by The Economic Times.
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.
Beyond UPI: How New Infrastructure Re-Engineering is Transforming Indian Fintech
India's fintech sector is moving past basic UPI payments toward a deep infrastructure overhaul that integrates AI and real-time data. This shift aims to move beyond simple chatbots to create a more resilient and personalized financial ecosystem for retail users.
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.
BreakingIndia May Delay UPI Fee Plan Amid Payment Firm Concerns
The Indian government is reportedly considering a delay in implementing transaction fees on Unified Payments Interface (UPI) transactions. This potential postponement comes as payment service providers are preparing for a significant shift in their business models.
BreakingNITI Aayog's Virmani Holds India GDP Forecast at 7%, Backs Gradual UPI MDR Shift
NITI Aayog Member Arvind Virmani has retained India's GDP growth forecast at 7% for the current year, noting a 1% uncertainty due to unresolved global trade issues. He also supported a gradual shift towards cost-based Merchant Discount Rate (MDR) for UPI transactions, emphasizing sustainability after the platform's initial establishment with government subsidies.
Raj Jain Emphasises UPI, Cybersecurity, and India Stack at ET Edge Insights
Industry veteran Raj Jain recently addressed the critical roles of India's UPI, robust cybersecurity measures, and the comprehensive India Stack ecosystem during an ET Edge Insights session. His discussion underscored the foundational importance of these digital pillars for India's financial future and economic growth.
BreakingUPI Payment Firms Seek Larger Share of New Merchant Fees
India's UPI payment firms are reportedly in discussions to secure a greater portion of newly introduced merchant fees. This negotiation could reshape the revenue distribution among stakeholders in the country's booming digital payments ecosystem, particularly concerning the compensation for payment service providers.
Traders Call Off 'No UPI Day' Protest After Meeting Finance Minister
The All India Mobile Retailers Association (AIMRA) and the All India Consumer Products Distributors Federation (AICPDF) have cancelled their proposed 'No UPI Day' protest. This decision was made following a meeting with Union Finance Minister Nirmala Sitharaman.
Breaking5 Key Money Rules Changing from October 2026: FDs, UPI, and SBI ATM Limits
Five significant financial rules, including those governing bulk fixed deposit rates, UPI transactions above ₹2,000, and SBI ATM free limits, are set to change for Indian retail consumers from October 2026. While specific details are awaited, these adjustments will impact various aspects of personal finance.
IPOBreakingRetailers Push Back on UPI Charges, Startup IPOs Heat Up
Indian retailers are voicing strong opposition to potential charges on UPI transactions, fearing increased costs. Meanwhile, the startup ecosystem is gearing up for a busy IPO season, with several companies preparing to list.
BreakingPine Labs to Deploy 1 Million Soundboxes Across India for Merchants
Fintech company Pine Labs is set to deploy 10 lakh (1 million) soundboxes across India, significantly expanding its presence in the merchant payments ecosystem. This move aims to provide instant audio payment confirmations to small and medium businesses, enhancing security and convenience for digital transactions.
Samsung Wallet Now Supports Biometric UPI in India
Samsung Wallet has integrated biometric authentication for UPI payments, aiming to enhance security and convenience for users in India. This update allows transactions to be approved using biometric methods such as fingerprint or facial recognition.
BreakingGovernment May End UPI Subsidies as MDR Revenue Strengthens: The Economic Times
The Indian government is reportedly considering withdrawing its subsidies for Unified Payments Interface (UPI) transactions, according to a report by The Economic Times. This potential shift comes as the revenue generated from Merchant Discount Rate (MDR) for UPI payments is reportedly gaining traction, suggesting UPI's increased financial self-sufficiency.
Government Implementing UPI Fees for Large Merchant Payments
The Indian government is reportedly introducing fees for significant merchant transactions processed through the Unified Payments Interface (UPI). Specific details on the fee structure and its rationale are yet to be publicly disclosed.
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.
India and Bhutan Expand Digital Payment Ties; Launch Five New Development Projects
India and Bhutan have strengthened their bilateral relationship by launching five new developmental initiatives and deepening cooperation on digital payments via UPI. The move aims to enhance cross-border financial connectivity and support Bhutan's educational and infrastructure sectors.
BreakingUPI Free for Users, But Merchant Fees Could Reshape Digital Payments
While Unified Payments Interface (UPI) transactions typically remain free for individual users, discussions around potential 'new Merchant Discount Rate' (MDR) policies for businesses could alter payment preferences. This report explains what MDR is and its possible impact on merchant adoption and the future balance between digital and cash payments in India.
BreakingUPI Introduces Merchant Fees for Transactions Above ₹2,000 from Oct 15
From October 15, the Unified Payments Interface (UPI) will introduce a capped merchant fee on transaction values exceeding ₹2,000. While consumers will continue to enjoy free UPI transactions, this change aims to create a sustainable revenue model for digital infrastructure upgrades and align with global payment standards.
Juspay Eyes Global Expansion as 'Agentic Payments' Set to Transform Indian Digital Finance
Juspay is pivoting toward 'agentic commerce' and global markets after 12 years of scaling India's payment infrastructure. The fintech major aims to export Indian digital payment innovations to developed economies while simplifying complex transaction layers for retail users.
BreakingSBI to Use UPI Data for Loans to Small Businesses Without GST
State Bank of India (SBI) plans to leverage Unified Payments Interface (UPI) transaction data to offer loans to small businesses that are not registered under the Goods and Services Tax (GST) regime. This initiative aims to expand credit access for a significant segment of informal businesses.
India's Fintech Leap: From Digital Rails to Global Ambitions
India's fintech sector, built on robust digital infrastructure like UPI, now faces the challenge of scaling globally. Experts believe this transition requires innovation in product development and regulatory navigation to compete on the world stage.
BreakingIreland Explores UPI for European Union, Citing Its Key Role in India's Payments
IDA Ireland, the country's inward investment promotion agency, has indicated Ireland's keen interest in exploring the relevance of India's Unified Payments Interface (UPI) for the European Union. This move acknowledges UPI's established position as a cornerstone of India's digital payments ecosystem.
New LaunchBreakingQatar-to-India Money Transfers Now Possible via UPI at Post Offices
India Post and Qatar Post have launched PosTransfer, a new UPI-based remittance service. This allows individuals in Qatar to send money almost instantly to UPI-linked bank accounts in India through post offices.
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