The NPCI has deferred implementing the Merchant Discount Rate (MDR) for a limited number of Unified Payments Interface (UPI) transactions of merchants until after Diwali 2026. While initially these charges were supposed to be implemented from October 15, the new implementation date shall be communicated separately. This move by NPCI, which was announced on October ...

UPI in India has come to be one of the most critical instances of digital public infrastructure in the world. This is the payment platform that has revolutionized Indian payment systems for even trivial tasks, from buying a cup of tea to paying university fees and taking a taxi. The remarkable success of the system ...

India’s UPI payment system is entering a new phase in 2026, with the government clarifying that customers will continue to pay no transaction charges for UPI payments. The clarification comes amid discussion around amendments to the Payment and Settlement Systems Act and the possibility of introducing Merchant Discount Rate, or MDR, for certain merchant transactions ...

Apple Pay’s long-awaited entry into India might happen as early as October 2026. In recent months, there have been speculations that Apple is about to launch its digital wallet service in India but, the version of Apple Pay which is going to be launched will be quite different from the one the iPhone users have ...