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Policy● Neutral for Indian equities
NPCI chief calls for UPI investment to address rising costs and cyber risks
The brief
- NPCI chief Dilip Asbe said a market-driven model for UPI is needed to fund cybersecurity and infrastructure
- Asbe called for greater investment and resilience as operating costs and cybersecurity risks rise
- A market-driven UPI model could affect costs and revenue for Indian payment firms and banks
UPI MDR rollout and consumer protection
SBI plans to charge MDR on UPI merchant payments above ₹2,000 from October 15, while officials say MDR collections will not cover UPI’s full operating costs and the government and banks will decide a continuing subsidy. The Finance Minister says the fee will be borne within the merchant-payment ecosystem, not passed to consumers; the government is also discussing safeguards with banks.
Thursday, 24 September
- NPCI chief calls for UPI investment to address rising costs and cyber risks