Payments Council of India
Signals mentioning Payments Council of India
- RBI says UPI MDR talks are premature as merchant-fee proposal remains under consideration
- India weighs UPI MDR for large merchants, testing free-payment model
- Centre weighs MDR of up to 0.35% on high-value UPI payments
- India proposes ending zero-MDR rule for UPI, raising a potential cost for large merchants
- UPI MDR may return for payments above ₹2,000 at large merchants
- Government weighs reinstating UPI MDR for large merchants at 5-7 basis points
- Centre weighs 0.5% MDR on UPI payments above Rs 2,000 for large merchants
- Fintechs push for 'safe harbour' shield as RBI scrutiny and tax probes rattle sector