Payment Aggregators

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Last Updated: Just Now

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Banking, Fintech & Insurance 08 Oct 2026, 07:18 PM IST

Government Moves to Police UPI Merchant Fees Daily as October 15 MDR Plan Nears

India is preparing to introduce a merchant discount rate on select UPI transactions from October 15, but officials say the government will monitor compliance daily to ensure payment charges are not passed on to consumers. The move reflects a delicate balancing act: preserving the rapid expansion of digital payments while creating a revenue stream that can help smaller merchants absorb transaction costs.

By RDU Global Wire5 min read

Banking, Fintech & Insurance06 Oct 2026, 12:13 PM IST

Government to Monitor UPI Merchant Fees Daily as October 15 MDR Plan Takes Shape

India’s finance ministry is preparing daily oversight of new UPI merchant discount rate arrangements set to begin on October 15, as the government negotiates with payment aggregators to prevent any pass-through of fees to consumers. Officials say the revenue framework is intended to support small merchants adopting digital payments while preserving UPI’s low-cost appeal for users.

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Banking, Fintech & InsuranceJust now (02:18 PM IST)

Government to Monitor UPI Merchant Fees Daily as October 15 MDR Plan Seeks to Shield Consumers

India’s finance ministry is preparing daily oversight of new UPI merchant discount rate arrangements from October 15, as the government negotiates with payment aggregators to ensure the fee is not passed on to consumers. Officials say the revenue framework is intended to support small merchants adopting digital payments while preserving the low-cost appeal that has made UPI the backbone of India’s retail payments system.

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Startups & Venture CapitalJust now (04:27 PM IST)

Ex-Soulfull MD Prashant Parameswaran Launches Arovia to Build Regional Food Brands

Prashant Parameswaran, the former managing director and cofounder of Soulfull, has launched Arovia Consumer, a new ecommerce rollup venture aimed at acquiring and scaling regional food brands. The move signals continued investor interest in India’s fragmented packaged food market, where niche labels with loyal followings can be expanded through digital distribution, operational discipline, and brand consolidation.

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Banking, Fintech & InsuranceJust now (12:31 AM IST)

Government to Monitor UPI Merchant Fees Daily as MDR Rollout Nears October 15

India’s finance ministry is preparing daily oversight of new UPI merchant discount rate rules set to take effect from October 15, in a bid to ensure payment aggregators do not pass the 0.4% charge on to consumers. Officials say the revenue framework is intended to support small merchants adopting digital payments while preserving UPI’s low-cost appeal for shoppers.

5 min readRead →

Banking, Fintech & InsuranceJust now (06:26 AM IST)

Government to Monitor UPI Merchant Fees Daily as MDR Plan Takes Effect on October 15

India is preparing to introduce a merchant discount rate on UPI transactions from October 15, but officials say the charge will be tightly controlled to prevent merchants from passing the cost on to consumers. The finance ministry will monitor compliance daily as the government seeks to balance payment-system sustainability with continued expansion of digital payments, especially among small merchants.

5 min readRead →

Banking, Fintech & InsuranceJust now (02:10 AM IST)

Government to Monitor UPI Merchant Fees Daily as October 15 MDR Plan Takes Shape

India’s finance ministry is preparing daily oversight of a new merchant discount rate framework for UPI transactions from October 15, aiming to prevent payment aggregators from passing the 0.4% fee on to consumers. Officials say the revenue model is being designed to support small merchants while preserving the rapid expansion of digital payments. The move comes as the government negotiates with industry players over how the charge will be applied, with a clear policy line that customers should not bear the cost. The plan reflects a broader effort to balance payment-system economics with the political and economic imperative of keeping UPI free at the point of use for shoppers.

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🏢 About this Entity

Corporations, startups, regulatory bodies, central banks, ministries and judicial courts. All news mentioning this entity is automatically verified and aggregated into this live intelligence dossier.

Co-Occurring Entities

Entities frequently referenced alongside Payment Aggregators:

New Delhi(7)Finance Ministry(7)Unified Payments Interface(4)India(3)Reserve Bank of India(2)state-owned oil marketing companies(1)