The National Payments Corporation of India has pushed back the 0.4% merchant discount rate on high‑value UPI transactions to a date after Diwali, citing trader concerns and festive‑season pressures.
Posts tagged as “NPCI”
Finance Minister Nirmala Sitharaman clarified that the merchant discount rate on UPI transactions above Rs 2,000 is not a government levy and will be borne by merchants, not consumers.
The NPCI (National Payments Corporation of India) has introduced new UPI rules, which will be implemented from Friday, August 1, 2025. These rules will further…