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UPI

Topic tag · tracked since 23 Sept · also upi payments, upi transactions, npci, mdr

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Today4 stories · 16 articles49 stories since 23 Sept

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Developing3 storylinesBiggest: UPI MDR rollout and consumer protection · 32 updates

Stories per day

Bar colour is the day’s tone · tracking began on 23 Sept

123 Sept

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128 Sept

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stories together this week · colour is their tone

Fintech and payments44 Banks11 Taxes9 GST5 Nirmala Sitharaman4 Stock exchanges4 Dilip Asbe3 Finance Ministry3 NSE3 Retail3

Stories

49 in all · newest first

Policy● mixedETMarkets Smart Talk| F&O STT, UPI charges and trading costs: Sandeep Neema on the hidden drag on retail returnsSandeep Neema discussed F&O STT, UPI charges and trading costs as drags on retail returnsF&O Stockbrokers Stock exchanges1 source
2h

Policy● mixedUPI MDR puts big-ticket retail payments in focusRetail Fintech and payments1 source
14h

● mixedMobile retailers plan October 2 protest against proposed 0.4% UPI MDRRetailers across India plan to observe October 2 as “No UPI Day”Retail Fintech and payments6 sources
4h

Legal● mixedSupreme Court to hear challenge to MDR on UPI merchant payments above ₹2,000The Supreme Court will hear the plea on MondayFintech and payments Supreme Court7 sources
4h

Policy▼ bearishWho Absorbs UPI MDR? NSE CEO Rules Out Govt Talks As 0.02% Fee On Capital Markets Nears KickoffNSE CEO Ashish Chauhan said there were no government talks on the new UPI MDRNSE Fintech and payments Stock exchanges1 source
1d

● mixedNSE MD says no govt talks on new UPI MDRNSE Stock exchanges Fintech and payments1 source
2d

Policy● mixedNSE chief says no government talks on UPI MDR; brokers and clients should resolve disputeNSE CEO Ashish Chauhan said there have been no government talks on a new UPI MDRNSE Fintech and payments Stock exchanges2 sources
2d

● mixedRepeated ₹2,000 UPI payments for one purchase? Your bank could flag the pattern: What it meansBanks Fintech and payments1 source
2d

● mixedCredit card charge looks wrong? Know what to do before paying the bill1 source
2d

Policy● mixedUPI MDR: Where will 0.4% fee go? FM clarifies banks, payment gateways & apps to get a share | Check breakdownOf the 0.4% UPI fee, 40% goes to customer banks, 30% to payment gateways and 20% to UPI appsFintech and payments Banks1 source
3d

Policy● mixedUPI MDR explained: Will mutual fund SIPs and lumpsum investments be affected?New 0.02% MDR applies to select one-time UPI paymentsMutual funds Fintech and payments1 source
3d

Market move● mixedUPI, bank transfer or credit card: What to consider when paying rentFintech and payments Banks1 source
3d

Policy● mixedUPI MDR explained: 6 myths about the new framework and what it means for consumers and merchantsThe article addresses six myths about the new UPI MDR framework and its effects on consumers and merchantsFintech and payments1 source
3d

Policy● mixedSitharaman says UPI MDR decision was professional, without external pressureThe MDR is 0.4%Nirmala Sitharaman Fintech and payments Taxes3 sources
3d

Policy● mixedPaying Rs 6,000 by UPI? Here’s what happens if you split it into three Rs 2,000 paymentsFintech and payments1 source
3d

Policy● mixedUPI is accepted in 11 countries: Will MDR charges apply globally? What we know so farUPI is accepted in 11 countries; whether new MDR fees apply globally remains unclearFintech and payments1 source
3d

● mixedWhy AI agents need an identity layer to act safely on web built for humansAI agents can shop, book travel and make paymentsAI Fintech and payments E-commerce1 source
3d

Policy● mixedFM says proposed UPI MDR is not a tax and will not burden consumersMDR will not be passed on to consumersNirmala Sitharaman Fintech and payments Taxes2 sources
3d

● mixedBank strike Sept 28-30: Will financial services work? All ATM, digital wallet and UPI FAQs answeredBank unions plan a three-day strike from September 28 to 30, risking in-branch service disruptionsUnited Forum of Bank Unions Banks Fintech and payments1 source
3d

Policy● mixedGovernment and banks to set subsidy for UPI after MDR beginsMDR collections are not expected to cover the full cost of running UPIBanks Fintech and payments2 sources
3d

Policy● mixedGST Council’s October 7 meeting to focus on process reforms; no broad rate changes expectedThe Council is expected to review implementation of GST rate changes over the past yearGST Taxes3 sources
3d

Expansion● mixedSamsung Wallet adds fingerprint authentication for UPI payments in IndiaFintech and payments1 source
3d

Policy● mixedFinance Ministry to talk to IBA to ensure MDR is not passed on to consumersFinance Ministry will ask IBA to ensure MDR is not passed on to consumersFinance Ministry Indian Banks’ Association1 source
3d

Policy● mixedGovernment tells banks to shield consumers from UPI feesFintech and payments Banks RBI rules1 source
3d

Policy● mixedSitharaman says UPI MDR above ₹2,000 will not be passed to customersMDR on specified UPI transactions above ₹2,000 will be borne within the payments ecosystemFintech and payments Nirmala Sitharaman Taxes5 sources
3d

Policy● mixedUnified Payments Interface: Where growth outpaces the rulebookUPI growth is outpacing the rulebook, with NPCI acknowledging risks in the ecosystemFintech and payments RBI rules Listing rules1 source
3d

▲ bullishFrom UPI to cross-border payments: Why interoperability is the next big opportunityUPI’s expansion beyond India is opening the door to a more connected cross-border payments ecosystemFintech and payments Global markets1 source
3d

Policy● mixedBT Big Story: The price tag of UPI: Will small shops go back to cash?A 0.4% MDR will apply to merchant UPI transactions above Rs 2,000Fintech and payments1 source
3d

● mixedPhonePe bets on merchant push as MDR returnsPhonePe Fintech and payments1 source
4d

Policy● mixedMinistry of Finnace to engage with banks and traders to allay Merchant Discount Rate concernsFinance ministry plans consultations with banks and traders over MDR concernsBanks Finance Ministry1 source
4d

● mixedUPI MDR: ‘Not a single penny’ will go to govt; earnings to be shared among banks and other entities, says reportNew MDR takes effect October 15 and applies to merchants accepting UPI payments above ₹2,000Banks Fintech and payments1 source
4d

Policy● mixedCentre to ask banks’ body to ensure consumers don't pay MDR on UPI paymentsThe Indian Banks’ Association plans outreach to clarify that consumers do not pay MDR on UPI paymentsIndian Banks’ Association Banks Fintech and payments1 source
4d

Policy● mixedUPI MDR on loan repayments: What charge applies to EMIs and who bears it? Here's what borrowers need to knowFrom 15 October, UPI debt-collection transactions above ₹2,000 will attract a ₹5 MDRFintech and payments Digital lending1 source
4d

Policy● mixedUPI fee could recover up to Rs 15,000 crore annually while keeping most transactions freeNPCI plans a 0.4% merchant discount rate on UPI transactionsFintech and payments1 source
4d

Policy● mixedGST Council to review proposed levy on UPI merchant fees above ₹2,000The GST Council is scheduled to meet on October 7 to discuss the levyGST Taxes Fintech and payments2 sources
4d

Policy● mixedFinance Ministry to meet banks and traders on UPI MDR concernsThe IBA will explain UPI MDR through **public campaigns**Banks Fintech and payments2 sources
4d

Policy● mixedGST Council may review UPI MDR and an 18% tax next monthGST Council will take up a proposal on MDR for UPIGST Fintech and payments Taxes2 sources
3d

Policy● mixed0.4% MDR to apply to specified UPI merchant payments above ₹2,000 from October 15The 0.4% MDR applies to specified UPI merchant payments above ₹2,000 from October 15Fintech and payments Nirmala Sitharaman2 sources
3d

Policy● mixedUPI MDR: No extension of October 15 implementation date; GST Council may review 18% GSTGST Fintech and payments Taxes1 source
4d

Policy● mixedGovt, IBA to work on mechanism to ensure UPI MDR isn't passed on to consumersGovt and IBA will discuss a mechanism to prevent consumers bearing MDR on specified UPI transactionsFintech and payments1 source
4d

Policy● mixed‘75% of merchants insulated from UPI MDR’: NPCI CEOFintech and payments PhonePe1 source
4d

Policy● mixedNPCI says no immediate plan to review MDR, charges needed to fund technology and cybersecurityNPCI has no immediate plan to review UPI MDR chargesFintech and payments1 source
4d

Policy● mixedAfter Madhya Pradesh, now Maharashtra to observe ‘no UPI day’ on October 2: What should consumers keep in mind?Maharashtra will observe ‘no UPI day’ on October 2Maharashtra Fintech and payments1 source
4d

Policy● mixedNPCI chief calls for UPI investment to address rising costs and cyber risksNPCI chief Dilip Asbe said a market-driven model for UPI is needed to fund cybersecurity and infrastructureFintech and payments Infrastructure AI2 sources
4d

Policy● mixedUPI MDR kicks in October 15: Why NPCI expects no hit to transaction volumesThe new Merchant Discount Rate takes effect October 15Fintech and payments Dilip Asbe1 source
4d

Policy● mixedProposed 0.4% UPI MDR could recover Rs 15,000 crore in first year: NPCI chiefThe summary discusses younger Indians viewing silver differently, beyond its price relative to goldSilver Gold Fintech and payments1 source
4d

Policy● mixedUPI MDR | India may examine demand to exempt select transactions from charges: ReportThe Department of Financial Services may examine exempting petrol pumps from UPI MDR charges; no decision has been madeFintech and payments Fuel prices1 source
4d

Policy● mixed75% traders may not face UPI levy, says NPCI MD & CEO Dilip Asbe75% of traders may not face a UPI levy, NPCI chief Dilip Asbe saidDilip Asbe GST Fintech and payments1 source
4d

Policy▲ bullishSBI expects new UPI merchant fee to cover transaction costs and generate a small surplusSBI will charge a merchant discount rate on UPI payments above ₹2,000 from October 15SBI PSU banks Banks2 sources
4d