Tag: npci
FM Nirmala Sitharaman clarifies UPI MDR charges won’t affect consumers, hits out at opposition over misinformation
Union Finance Minister Nirmala Sitharaman on Monday said Merchant Discount Rate (MDR) charges on Unified Payments Interface (UPI) transactions will not be passed on to…
UPI’s new MDR pot: 5% of collections to be used for bringing small merchants online
The National Payments Corporation of India (NPCI) has proposed a dedicated fund financed from Merchant Discount Rate (MDR) collections to support small merchants and expand…
Finance Ministry rejects US pressure claims over new UPI MDR, says RuPay has no special edge
The Finance Ministry on Thursday rejected allegations that US pressure influenced the decision to impose a 0.4% Merchant Discount Rate (MDR) on select UPI payments,…
Finance Ministry rejects foreign influence claims over UPI MDR, says India’s digital payments decisions are made independently
The finance ministry on Wednesday rejected claims that foreign pressure influenced the decision to impose a 0.4% Merchant Discount Rate (MDR) on UPI transactions above…
UPI still has ‘lot of scope’ to grow, rural and offline access key challenges: NPCI CTO
Mumbai: The Unified Payments Interface (UPI) still has significant room to expand, particularly in reaching rural populations and developing offline payment solutions, National Payments Corporation…
NPCI turns to AI to stop frauds from siphoning off money
The National Payments Corporation of India (NPCI) has launched a pilot project deploying an artificial intelligence model capable of tracking in real time fraudulently obtained…
Reimagining GST registration through Agentic AI framework
Every day, two narratives emerge on India’s GST (goods and services tax) registration portal. The first belongs to Rajesh, a small manufacturer in Pune, who…
IIT-Madras incubated Muse Wearables, NPCI to launch India’s first wearable payments ecosystem
Muse Wearables, an IIT-Madras incubated start-up up has partnered with the National Payments Corporation of India (NPCI) to launch India’s first wearable payments ecosystem, officials…