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MDR Fee on UPI Coming
Financial Express Pune
|June 06, 2025
THE PAYMENTS COUNCIL of India (PCI), an industry body representing 180 members, said the subsidy was insufficient against the annual estimated cost of ₹10,000 crore for maintaining and expanding the digital payments ecosystem.
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PCI has proposed the introduction of an MDR of 0.3% for UPI only for large merchants. Currently, MDR is levied between 0.9% and 2% for credit and debit cards other than RuPay. The Centre removed MDR on UPI transactions from 2020 to promote digital payments and onboard more merchants to accept such transactions. Previously, merchants paid an MDR of less tha
Esta historia es de la edición June 06, 2025 de Financial Express Pune.
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MÁS HISTORIAS DE Financial Express Pune
Financial Express Pune
Industry in for a painful transition: HCLTech CEO
INDIA'S IT SERVICES industry faces a “painful reinvention” as artificial intelligence (AI) reshapes how work is delivered, HCL Tech chief executive C Vijayakumar said on Tuesday. He warned the current transition differs from earlier industry shifts as it will prioritise efficiency over headcount growth.
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February 25, 2026
Financial Express Pune
Muthoot Microfin plans to reduce joint liability group loans
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Financial Express Pune
Citrini's AI scare drives IT index to a 30-month low
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Financial Express Pune
DGCA grounds four Learjet planes of VRS Ventures
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Financial Express Pune
Bonds rise on robust demand for state debt
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1 min
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Financial Express Pune
Stricter rules for charter planes
THE DIRECTORATE GENERAL of Civil Aviation (DGCA) on Tuesday introduced mandatory safety measures for nonscheduled operators after a high-level meeting that examined the recent increase in aviation accidents involving charter flights.
1 min
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Financial Express Pune
IPO mkt slows down in Jan
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2 mins
February 25, 2026
Financial Express Pune
IDFC First Bank repays ₹583 crore to Haryana govt
IDFC FIRST BANK on Tuesday said it has repaid ₹583 crore, including principal and interest, to relevant departments of the Haryana government following the fraud reported at one of its branches.
1 min
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Financial Express Pune
Jindal Power lines up $1-billion loan
THE POWER UNIT of the Jindal Group is seeking to raise as much as $1 billion from offshore loans to fund overseas expansion, sources said, providing relief for India's dollar loan market that's been stymied by trade swings.
1 min
February 25, 2026
Financial Express Pune
India in a virtuous cycle of growth & stability: RBI DG
THE INDIAN ECONOMY, with its macroeconomic stability, policy consistency, and a large and diversified demand and production base, is assured of a continuously improving economic trajectory, Reserve Bank of India Deputy Governor Poonam Gupta said on Tuesday, asserting that high, stable and accelerating growth has become the hallmark of India’s economic journey.
1 min
February 25, 2026
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