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EXPLAINED: Upi | Rare Historical Photos

Apple Pay’s India launch shows how RBI’s outcome-based regulation lets technology evolve

Apple Pay was launched in India after significant regulatory developments by the Reserve Bank of India. This new payment option allows users to pay securely without needing an OTP, which can facilitate fraud. The RBI has shifted towards regulating outcomes rather than prescribing specific technologies for digital payments. While Apple…

The Economic Times · 12h ago

Keep UPI free, govt should withdraw proposed charges: GTRI

The Global Trade Research Initiative has urged the government to withdraw the proposed UPI charges set for October 15. Introducing fees on UPI transactions may adversely affect small businesses and consumer spending. Maintaining free UPI supports broader digital payments and benefits banks and payment apps. The anticipated changes could lead…

The Economic Times · Oct 8

Paytm shares crash 10%, wipe off Rs 10,970 crore from m-cap. More pain ahead?

Paytm shares crashed on Wednesday after reports suggested a possible delay in the rollout of UPI MDR. Analysts said the stock faces immediate support at Rs 1,560-1,550, while a decisive break below could trigger further selling.

The Economic Times · Oct 8

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Paytm, Mobikwik, Pine Labs shares crash up to 10%. What’s behind the sharp plunge?

Paytm, Mobikwik and Pine Labs shares fall sharply as reports of a possible delay in UPI MDR implementation raise concerns over the fintech companies’ expected benefits from the new fee structure.

The Economic Times · Oct 8

UPI MDR rollout may be deferred beyond festive season to Jan 1; shares fall: Report

UPI MDR rollout: A proposal is under consideration to delay the implementation of Merchant Discount Rates for Unified Payments Interface. This decision is expected to relieve retailers during the festive season and was initially set for October 15. Recent protests by traders against MDR introduction led to consultations among industry…

The Economic Times · Oct 8

235 Dead in US Boat Strikes, And Still No Public Proof

A Caribbean strike killed four, raising the boat-strike toll to 235+. Here is what is verified, what is disputed and where the campaign goes next.

Latin Times · Oct 7

UPI MDR: 0.4% charge raises questions over MSME margins, cash flows and digital credit

Industry representatives say merchant size, margins, and the nature of goods should determine the merchant discount rate (MDR), while fintechs flag risks to working capital and digital credit trails.

The Economic Times · Oct 5

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India GDP forecast stays at 7%, uncertainty range remains wide: Economist Arvind Virmani

Economist Arvind Virmani has retained his India GDP growth forecast at 7% for the year, with an uncertainty range of plus or minus 1%, citing unresolved trade issues and global developments. He also backed a gradual shift towards cost-based UPI MDR after the subsidy helped establish the payments platform.

The Economic Times · Oct 3

India can sustain around 7% growth despite global concerns: Nilesh Shah

India is projected to experience approximately 7% economic growth this year despite higher oil prices and deficient rainfall. Nilesh Shah, a member of the Prime Minister's Economic Advisory Council, expressed optimism about the economic momentum. The rising oil prices are a key concern as they could impact inflation and economic…

The Economic Times · Oct 3

UPI volume rises 27% to touch 145 billion in first half of FY27

This is against UPI volume 114 billion in during the April-September quarter of the previous financial year, according to data released by the National Payments Corporation of India (NPCI).

The Economic Times · Oct 2

Beyond scale: India’s payments leaders to map the future for UPI, do you have your ‘two cents’ to share?

India has recorded unparalleled growth in the UPI ecosystem, in terms of penetration and scale. The question now is, what is next? At this Mindgate roundtable, presented by The Economic Times, payments leaders will map the way forward, share experiences, and discuss opportunities the domain presents. Be a part of…

The Economic Times · Oct 1

October 2026 rule changes: No PUC, no fuel, higher Mumbai tolls, UPI charges and 4 more updates

October 2026 brings seven rule and policy changes that could affect motorists, businesses and consumers across India. The updates include Delhi’s no-PUC, no-fuel rule, higher toll rates for commercial vehicles entering Mumbai, UPI charges on certain merchant payments, revised ATM limits for some bank customers, Aadhaar authentication for subsidised LPG…

The Economic Times · Oct 1

Are banks open tomorrow on October 2 for Gandhi Jayanti? Check government, private bank holiday status

Banks will be closed across India on October 2, 2026, as branches observe Gandhi Jayanti, including SBI and banks in the public, private, foreign and cooperative sectors. While customers will not have access to in-person branch services on the national holiday, digital facilities such as UPI, NEFT, RTGS, mobile and…

The Economic Times · Oct 1

5 Online Shopping Scams That Spike During Indian Festival Sales

The Fake Flash Sale SiteScammers register domains that swap one letter or add a hyphen to a familiar name, fipkart.com, amazon-in-sale.com, and run Google or Instagram ads pointing to them. The site loads fast, the products look real, and the prices sit 60 to 70 percent below what the actual…

Times Life · Oct 1

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The Economic Times · Oct 1

Your UPI payment just got a price tag: what it means for GST-registered taxpayers

NPCI, which manages UPI, has brought in a merchant discount rate of 0.4% on certain person-to-merchant UPI payments above Rs 2,000.

The Economic Times · Oct 1

India needs to shift more household savings to long-term pension assets: CEA Nageswaran

India needs to encourage households to commit a larger share of their savings to long-term pension products as pension and insurance assets remain a relatively small part of household savings, Chief Economic Adviser V Anantha Nageswaran said, calling for simpler pension products, wider access and stronger retirement-income solutions.

The Economic Times · Sep 30

Fee on UPI P2M payments: How this “small” 0.4% fee can take a bigger bite out of your money

Starting from October 15, 2026, a new 0.4% transaction fee will be applied to UPI payments exceeding Rs 2,000, while lower amounts and peer-to-peer transfers will still be free. As some merchants may choose to adjust prices accordingly, customers should stay vigilant, checking for any surcharges at checkout to ensure…

The Economic Times · Sep 30

₹12 lakh in stocks, ₹10 lakh health insurance but just ₹18,000 cash in bank account: Corporate employee shares 2 AM ‘rich on paper’ scary reality check

A corporate employee's Reddit post has highlighted the gap between having investments and having readily accessible emergency cash. He claimed that despite holding around ₹12 lakh in stocks and funds and a ₹10 lakh corporate health insurance policy, he had only ₹18,000 available when his mother needed hospitalisation at 2…

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The Economic Times · Sep 30

Apple Pay India launched: How to set up payments, supported banks and cards, features and how it differs from UPI

Apple pay india launch: Apple has officially launched Apple Pay in India. This contactless payment service allows for easy and secure transactions at various merchants across the country. Users can add their cards to the Apple Wallet through the Axis Bank app or the Wallet app. Apple Pay is designed…

The Economic Times · Sep 29

Apple Pay India launch may change payments in iPhones: Expected date, banks supported, UPI access and features

Apple Pay is expected to launch in India next month with Axis Bank credit cards, ahead of wider bank support, Reuters reported. The service will focus on card based tap and pay payments through Face ID and Touch ID, separate from India's dominant UPI network, with HDFC Bank and ICICI…

The Economic Times · Sep 28

5 rule changes from October 1: SBI ATM charges, MDR on UPI, bulk FD rates, KYC for LPG subsidy and more

In October 2026, significant changes to banking and finance regulations will take effect, impacting numerous services. Furthermore, the Reserve Bank of India will introduce new disclosure protocols regarding bulk fixed deposits, and UPI transaction fees will be revised for amounts exceeding Rs 2,000 starting October 15.

The Economic Times · Sep 28

ETMarkets Smart Talk| F&O STT, UPI charges and trading costs: Sandeep Neema on the hidden drag on retail returns

In this segment of ETMarkets Smart Talk, we speak with Sandeep Neema, Director and Fund Manager at PL Asset Management, about the real risks facing retail investors, the hidden cost of excessive trading, and why he believes the market is increasingly rewarding discipline over churn.

Newslaundry · Sep 28

Modi govt’s new UPI fee: Who benefits, who doesn’t?

We have all spent years training ourselves to ditch cash.

The Economic Times · Sep 27

Mobile phone retailers to protest against UPI MDR charges on Oct 2

Mobile phone retailers across India will observe October 2 as 'No UPI Day' to protest UPI charges. The All India Mobile Retailers Association has expressed concerns over new charges affecting their earnings. Retailers will not accept UPI payments and will cover QR codes to symbolize their protest. The introduction of…

The Economic Times · Sep 27

MDR on UPI payments above Rs 2,000: Supreme Court to hear challenge plea on Monday

Ending nearly six years of fully free UPI payments, the government has introduced a 0.4 per cent fee on transfers worth over Rs 2,000 made to merchants through the UPI platform from October 15 while explicitly ring-fencing everyday person-to-person transactions and small payments from any charge.

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