Tag: NPCI

In graphs | Why private banks and foreign UPI apps stand to gain from the MDR charge

September 16, 2026 admin

Transactions of ₹2,000 or more in essential and thin-margin sectors, such as railways, telecommunications, insurance, fuel, and agricultural inputs, will attract a flat MDR of ₹5 per transaction. File image for representation only. | Photo Credit: Allen Egenuse J The new Merchant Discount Rate (MDR) on UPI will affect a tiny proportion of UPI users,…

Business

UPI transactions near record level of ₹29.8 lakh crore in August

September 1, 2026 admin

UPI transactions in terms of volume touched a record of 24.51 billion in August. Image for representation only | Photo Credit: The Hindu Transactions through the popular Unified Payments Interface (UPI) were at ₹29.8 lakh crore in August, near the record-high level, according to data released by the National Payments Corporation of India (NPCI). UPI…

Business

Paytm shares jumped 5% in the morning trade on February 26, 2024

February 26, 2024 admin

Paytm, on February 9, announced setting up of a group advisory committee to advise the company on strengthening compliance and on regulatory matters. | Photo Credit: The Hindu Shares of Paytm owner One97 Communications jumped 5% in the morning trade on February 26 after Reserve Bank of India (RBI) asked retail payment settlement body NPCI…

Business

Made Payment To Wrong UPI Address? Here’s How To Reverse It

September 14, 2023 admin

UPI has revolutionised digital transactions in recent years. Digital transactions have revolutionised the way we conduct financial activities today. These transactions involve the electronic exchange of money or assets between parties, often facilitated through online banking, mobile apps, or digital wallets. This is made possible by Unified Payments Interface (UPI), an instant payment system developed…

Nation