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India Delays UPI Payment Fee Rollout Until After Diwali

By Uniquetimesorg October 13, 2026 0

India has postponed the introduction of a fee on large transactions made through the Unified Payments Interface (UPI) until after the Diwali festival, the National Payments Corporation of India (NPCI) announced on Tuesday. The proposed 0.4% charge on merchant transactions exceeding ₹2,000 was originally scheduled to take effect on October 15. NPCI said the delay […]Continue Reading

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India May Delay UPI Payment Fee Rollout by Few Months

By Uniquetimesorg October 8, 2026 0

India is considering delaying the introduction of a 0.4% fee on large UPI merchant payments by a few months, according to a regulatory official and an industry executive familiar with the discussions. The fee, which applies to transactions above ₹2,000, was scheduled to take effect from October 15. The proposed charge ended more than six […]Continue Reading

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UPI Fee Shift Set to Strengthen PhonePe, Google Pay Dominance

By Uniquetimesorg September 22, 2026 0

India’s decision to introduce a merchant fee on certain UPI transactions could significantly boost revenue for major payment apps such as Walmart-backed PhonePe and Google Pay. Starting October 15, a 0.4% merchant discount rate will apply to UPI transactions above ₹2,000. Bernstein estimates the move could generate up to $1.1 billion in annual revenue for […]Continue Reading

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India’s UPI to Introduce Fees on Large Merchant Payments

By Uniquetimesorg September 16, 2026 0

India’s Unified Payments Interface (UPI) will end its more than six-year zero-fee era for certain large merchant transactions from October 15, 2026. Under new rules announced by the National Payments Corporation of India (NPCI), a 0.4% Merchant Discount Rate (MDR) will apply to merchant transactions above ₹2,000. The charge cannot be passed on to consumers. […]Continue Reading

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India Consults Banks on Possible Fees for Large UPI Payments

By Uniquetimesorg September 15, 2026 0

India’s payments authorities are consulting banks and payment companies over plans to introduce charges on large transactions through the Unified Payments Interface (UPI), according to sources familiar with the discussions. The consultations follow a change in Indian payments legislation that allows fees to be charged on UPI transactions above ₹2,000. UPI payments have so Continue Reading

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IndiaMART Expands AI Push to Fight Fake Listings

By Uniquetimesorg June 25, 2026 0

IndiaMART is significantly increasing its investment in artificial intelligence, with plans to double spending on AI tools every six months. The online marketplace is using AI-powered systems to detect fake seller accounts, identify suspicious behavior patterns, and strengthen content moderation across its platform. The company has also introduced real-time voice-to-text Continue Reading

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WhatsApp Bets on Fintech Veteran to Drive Payments Growth

By Uniquetimesorg June 25, 2026 0

Meta has appointed Indian fintech entrepreneur Kunal Shah to lead WhatsApp, signaling its ambition to expand the platform’s payments and commerce ecosystem. The move comes alongside Meta’s $900 million investment in Shah’s Bengaluru-based fintech company CRED, where he will retain his stake while stepping back from day-to-day executive responsibilities. Continue Reading

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Digital Gold Purchases via UPI Surge 377% as SEBI Rules Out New Regulations

By Uniquetimesorg November 22, 2025 0

The Securities and Exchange Board of India (SEBI) chairman Tuhin Kanta Pandey clarified on Friday that the regulator has no immediate plans to introduce a new regulatory framework for digital gold, stating that it does not fall under SEBI’s jurisdiction. Speaking at the National Conclave on REITs and InvITs 2025, he explained that gold-related investments […]Continue Reading

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SBI, ICICI Bank RuPay Card Holders Can Now Link Their Credit Cards With BHIM

By uniquetimes July 14, 2023 0

In recent developments, customers of SBI and ICICI Bank can now conveniently perform UPI transactions using their RuPay credit cards from these banks. By linking their credit cards to the BHIM app, operated by NPCI, customers can make online payments by scanning the Merchant UPI QR code at any location. This feature is available for […]Continue Reading