"upi"

The Supreme Court will on Monday hear a PIL challenging the Centre's decision to impose a 0.4 per cent MDR on specified UPI merchant transactions above Rs 2,000. The petitioner has questioned the framework's legality, transparency and constitutional validity

Traders across Madhya Pradesh observed a ‘No UPI Day’ on Wednesday by covering shop QR codes with black cloth and urging customers to pay in cash. They are protesting a proposed 0.4 per cent merchant discount rate on UPI transactions above Rs 2,000

NPCI clarified that GST on UPI Merchant Discount Rate will not burden most small merchants, as transactions up to Rs 2,000 remain MDR-free. It said over 96 per cent of UPI merchant transactions fall below this threshold, while P2P payments remain free

BRS working president K T Rama Rao urged Union Finance Minister Nirmala Sitharaman not to impose any tax on UPI transactions, cautioning that higher digital payment costs could affect young entrepreneurs, small businesses and financial inclusion

A PIL has been filed in the Supreme Court challenging the Centre’s decision to impose MDR on select UPI merchant transactions above Rs 2,000. The petitioner alleged the framework lacks transparency, statutory safeguards and may burden merchants and consumers

Opposition parties intensified criticism of the government’s decision to introduce MDR on select UPI merchant transactions above Rs 2,000. Rahul Gandhi and other leaders demanded withdrawal of the fee, alleging it could affect digital payments and benefit foreign card companies

UPI payments to merchants above Rs 2,000 will attract a 0.4 per cent MDR from October 15, with 18 per cent GST on the fee. Tax experts said eligible GST-registered merchants can claim input tax credit, reducing the overall burden

The Congress accused the government of setting the stage for levying fees on UPI transactions, questioning a notification that bars charges on transactions up to Rs 2,000. The party also alleged the move could open digital payments to American firms.

Commerce Minister Piyush Goyal urged BRICS countries to link payment systems, promote trade in local currencies and make digital trade more accessible. He said India’s digital public infrastructure could help deepen economic cooperation and support emerging technologies

Indian tourists, business travellers and students will soon be able to make UPI payments across Uzbekistan after NPCI International partnered with the country’s National Interbank Processing Centre. The arrangement will enable instant merchant payments through Uzbekistan’s UZQR system

This guide walks through how to identify your spending profile, which card types match which lifestyles, what fees to watch for, and why a travel credit card may be the most versatile choice for Indian consumers in 2025.

Parliament passed the Taxation and Other Laws (Amendment) Bill, 2026, with Finance Minister Nirmala Sitharaman clarifying that UPI will remain free for consumers. The legislation also seeks to attract foreign capital, boost electronics manufacturing and ease operations for global cloud companies

The Lok Sabha has passed a Bill amending the Payment and Settlement Systems Act, enabling the government to permit Merchant Discount Rate (MDR) on UPI and other notified digital payment modes. The amendment seeks to create a sustainable revenue model for payment service providers

Indian travellers can now use UPI to book tickets online for At the Top, Burj Khalifa, making it the first UAE attraction to accept the payment system for e-commerce transactions. The initiative strengthens digital payment connectivity between India and the UAE

Prime Minister Narendra Modi said India is setting a new global development model despite worldwide challenges, highlighting rapid economic growth, digital innovation and technological progress. Addressing the Indian community in Auckland, he also emphasised stronger India-New Zealand ties and future trade opportunities

New Zealand has expressed openness to adopting India's Unified Payments Interface (UPI), with Trade Minister Todd McClay saying the country's regulatory environment can accommodate the digital payment platform. The remarks come as UPI continues expanding globally through international payment partnerships.

Prime Minister Narendra Modi announced integration of India’s UPI with Indonesia’s payment system to ease cross-border transactions. The two countries also expanded cooperation in technology, critical minerals, maritime security, space, education and cultural heritage during bilateral talks in Jakarta

India and Seychelles unveiled 19 agreements after talks between Prime Minister Narendra Modi and President Patrick Herminie, strengthening cooperation in defence, maritime security, digital payments, healthcare, space, education and development, while marking 50 years of diplomatic relations between the two nations

Hyderabad Police have advised parents to closely monitor their children's online gaming activities amid rising complaints of unauthorised in-game purchases and excessive gaming. The advisory highlighted the health and behavioural risks of gaming addiction and offered support sessions for parents and schools.

Finance Minister Nirmala Sitharaman accused Rahul Gandhi of consistently portraying India negatively and ignoring its economic progress. Highlighting growth, poverty reduction, welfare schemes and digital infrastructure, she said India remains resilient despite global challenges and continues advancing towards Viksit Bharat 2047