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Tag: merchant discount rate

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SC Refuses Stay on UPI Charges Above Rs 2,000, Seeks Centre’s Response in Four Weeks

Center Special Team TWA Team TWA -
Supreme Court seeks Centre’s response on proposed MDR for specified UPI transactions above Rs 2,000 and declines an interim stay.

UPI Customers Will Never Be Charged Under New MDR Framework: PhonePe CEO

National TWA Team TWA Team -
New Delhi, September 16: UPI customers will not be charged under the new Merchant Discount Rate (MDR) framework, while the revenue generated from eligible...

RBI Says MDR On Large-Value UPI Transactions To Support Digital Payments Sustainability

National TWA Team TWA Team -
The RBI has said the introduction of MDR on specified large-value UPI merchant transactions can support investment and the long-term sustainability of India’s digital payments ecosystem.

UPI Payments Up to Rs 2,000 Stay Free as Finance Ministry Bars Direct and Indirect Charges

Center Special Team TWA Team TWA -
The government has barred banks and system providers from charging users for UPI payments up to Rs 2,000 and specified RuPay debit card transactions.

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14 IMFL Bottles, 24 Beer Cans Recovered from Dinghy Near Wandoor; Three Handed to Police

Center Special 0
Forest personnel recovered 14 IMFL bottles and 24 beer cans from a dinghy near New Wandoor and handed three occupants to police.

Five-Hour Power Cut to Affect Garacharma, Chidiyatapu and Brookshabad on October 31

Andaman & Nicobar 0
Power supply will remain suspended from 7 am to noon on October 31 across Garacharma, Chidiyatapu and Brookshabad feeder areas.

Traffic Restrictions on Dharamsala–RK Mission Route for Rashtriya Ekta Diwas Parade

Andaman & Nicobar 0
Traffic restrictions will affect the Dharamsala–RK Mission route in Sri Vijaya Puram on October 30 and 31 for Rashtriya Ekta Diwas parade preparations.

National Maritime Security Coordinator Meets LG to Discuss Strategic Preparedness in Islands

Andaman & Nicobar 0
LG Dinesh Sharma meets maritime security coordinator, Navy officer and separate sports and Purohit Samiti delegations at Lok Niwas.

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Bay of Bengal Security in Focus as Seven Nations Join BIMSTEC Maritime Exercise

Andaman & Nicobar 0
The inaugural BIMSTEC maritime security exercise begins in Sri Vijaya Puram, bringing together seven member nations to strengthen Bay of Bengal cooperation.

14 IMFL Bottles, 24 Beer Cans Recovered from Dinghy Near Wandoor; Three Handed to Police

Center Special 0
Forest personnel recovered 14 IMFL bottles and 24 beer cans from a dinghy near New Wandoor and handed three occupants to police.

Five-Hour Power Cut to Affect Garacharma, Chidiyatapu and Brookshabad on October 31

Andaman & Nicobar 0
Power supply will remain suspended from 7 am to noon on October 31 across Garacharma, Chidiyatapu and Brookshabad feeder areas.

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