Before 2022, merchants had to pay a nominal fee, called the merchant discount rate (MDR), to banks for processing UPI and ...

The government is reportedly considering reintroducing merchant discount rate (MDR) on Unified Payments Interface (UPI) and ...

The NPCI-backed payment application currently has a market share of around 0.2%. The government is working on boosting Bhims ...

The digital payment transactions (including UPI) surged with over 18,120 crore transactions in 2024-25 (till January this ...

The government may introduce a tiered pricing system for UPI transactions, where larger merchants would incur higher charges, ...

The National Payments Corporation of India (NPCI) has introduced new security measures to protect Unified Payments Interface (UPI) accounts linked to inactive mobile numbers, aiming to reduce fraud ...

Union Labour Minister Mansukh Mandaviya recently announced that EPFO will be launching EPFO 3.0, which will be equivalent to ...

The RBI will also continue its engagement in a multilateral project called Project Nexus, to enable instant cross-border ...

RBI Governor emphasizes need for expanding digital payments in India, focusing on awareness, efficiency, and innovation for ...

The initial focus of the Unified Lending Interface is to provide small-ticket loans and improve collection efficiency ...

The meeting was attended by the new RBI Governor and senior officials of the apex bank. Senior executives from the payments, ...

RBI governor Sanjay Malhotra has said that the central bank is working to make cross-border payments “more efficient”.