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Results for "Merchant Payments"

2 results
Editorial illustration representing UPI merchant discount rate delay and consumer protections
News 24/7Banking & Digital Payments

UPI 0.4% Merchant Fee Delayed Until After Diwali: What You Pay, What Stays Free and What NRIs Need to Know

The planned 0.4% MDR on certain UPI merchant payments will not start on October 15. Here is what remains free, who may eventually pay the merchant-side charge, how the ₹300 cap works and what NRIs should know.

Updated 14 Oct 202611 min read
Editorial illustration representing UPI merchant discount rate framework and consumer protections
BusinessBanking & Digital Payments

UPI Charges From Oct 15? Who Pays, Supreme Court Case and Delay Status

A new 0.4% merchant discount rate is scheduled for specified UPI merchant payments above ₹2,000, but consumers are not supposed to pay it. Here is what remains free, what merchants could pay, what the Supreme Court has questioned and why the October 15 rollout remains under watch.

Updated 13 Oct 202611 min read