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MDR charge on UPI payment has been postponed till Diwali. It was earlier to be implemented from October 15. In this, the shopkeeper was to be charged 0.4% for making UPI payment of more than ₹ 2,000. Transactions among common people will remain free as before. NPCI has decided to postpone it in view of…
News business economy UPI MDR: Rail Tickets, Insurance, Fuel, Telecom Payments Above Rs 2,000 To Face Rs 5 Flat Fee Last Updated:September 15, 2026, 8:46 PM IST UPI MDR from October 15: Railways, insurance, fuel, telecom and other sectors will face a flat Rs 5 MDR on transactions above Rs 2,000. Here’s why. The government…
Last Updated:September 15, 2026, 06:17 IST Govt said no bank or system provider can impose a charge, either directly or indirectly, on a person making or receiving payments through the specified modes. UPI’s annual transaction volume has grown roughly 12,000-fold since its 2016-17 launch year. The government has barred banks and payment system providers from…
Last Updated:September 10, 2026, 9:16 PM IST RBI has introduced UPI Tap and Pay, allowing users to make NFC payments without mobile internet, along with an AI-powered platform for UPI support and safety. The new feature is designed to make a UPI payment work much like a contactless card payment. (AI-generated image used for representation)…
You probably do not remember the last time you paid a fee for a UPI transaction. That is precisely what makes the current debate around UPI so interesting. For millions of Indians, paying Rs 30 for chai, Rs 200 for groceries or sending Rs 500 to a friend has become so routine that the payment…
Artificial intelligence is moving beyond answering questions, writing code, and creating images. A new category of AI called AI agents has arrived. It is a kind of system which is designed to do tasks autonomously. Unlike regular AI chatbots that simply respond to prompts, AI agents can complete entire tasks. You could ask one to…
Last Updated:November 02, 2025, 3:56 PM IST UPI managed by NPCI hit a record 20.70 billion transactions in October 2025, with a single-day peak of 754.37 million. UPI India’s flagship real-time digital payments system, the Unified Payments Interface (UPI), managed by the National Payments Corporation of India (NPCI), recorded 20.70 billion transactions in October 2025,…
India’s Unified Payments Interface (UPI) is heading for its strongest month ever, with average daily transactions in October surging to Rs 94,000 crore, up 13 per cent from September, according to data from the National Payments Corporation of India (NPCI). With more than a week left in the month, UPI is on course to record…
Indian tourists visiting Japan may soon be able to make payments using the Unified Payments Interface (UPI), reported by ANI. The development follows a Memorandum of Understanding (MoU) signed between NPCI International Payments Limited (NIPL) – the international arm of the National Payments Corporation of India and NTT DATA Japan, a leading IT and business…
Last Updated:October 11, 2025, 5:00 PM IST The new UPI update will let users manage all payments from one app, saving time and improving financial planning while ensuring safer and more transparent digital transactions The change is expected to further enhance the convenience and efficiency of digital payments. (AI Generated/News18 Hindi) In a significant development…