NEFT
Signals mentioning NEFT
- India to levy 0.4% UPI MDR on merchant payments above ₹2,000 from Oct. 15
- Potential UPI MDR charges could open a new revenue stream for Paytm and Pine Labs
- Proposed UPI MDR could raise payment costs for larger Indian retailers
- SBI to cap free BSBD cash withdrawals at four a month from October 2026
- Proposed MDR framework could reopen UPI cost debate for larger retail transactions
- UPI handles 85% of India's payment volumes but just 9.5% of value; RTGS rules at 68.6%