Noida traders threaten to switch to cash over new UPI payment levy

Mint has reported a new India-focused technology development: “Rediff.com IPO: New UPI MDR rules open an additional revenue stream for the company: Report.” The publisher's feed describes the story as follows: Rediff.com stands to benefit from the government's new Merchant Discount Rate (MDR) on select UPI transactions, potentially enhancing its revenue as it prepares for market listing. The MDR changes, effective from October 15, aim to charge large ticket merchants while keeping most payments

Hindustan Times has reported a new India-focused technology development: “UPI fee burden won't fall on consumers, govt plans to track merchants: Report.” The publisher's feed describes the story as follows: The NPCI, which operates the UPI platform, issued a circular on September 15 introducing MDR on certain UPI transactions. Intellectual Janata Party includes this item for public-affairs discovery and context only; readers should use the original publisher link for the complete report, full

The Economic Times has reported a new India-focused technology development: “Retailers push back against proposed 0.4% MDR on UPI transactions above Rs 2,000, warn of hit to thin margins.” The publisher's feed describes the story as follows: Retailers are strongly opposing a proposed merchant discount rate on UPI payments. This new charge will significantly impact their already very thin net profit margins. Industry associations are petitioning the finance ministry to scrap the proposed transac

The Hindu has reported a new India-focused technology development: “Officially declared dead in Odisha, 2,487 workers ‘come alive’, authenticate Aadhaar to avail ration.” The publisher's feed describes the story as follows: Medical officers issued death certificates for construction workers who were still alive to allow their nominees to get over ₹15 crore assistance under the Nirman Shramik Scheme, says a draft audit report Intellectual Janata Party includes this item for public-affairs disco