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Dilip Asbe

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Banking, Fintech & Insurance 08 Oct 2026, 09:02 AM IST

Proposed 0.4% UPI MDR Could Recover Rs 15,000 Crore in Year One, Says NPCI Chief

A proposed 0.4% merchant discount rate on UPI transactions could generate as much as Rs 15,000 crore in the first year, according to NPCI chief Dilip Asbe, reviving debate over how India should fund the rapidly expanding digital payments ecosystem. The proposal comes as policymakers weigh the economics of UPI at a time when transaction volumes continue to surge and merchants, banks and payment firms remain split over who should bear the cost of scale.

By RDU Global Wire5 min read

Banking, Fintech & Insurance06 Oct 2026, 05:58 PM IST

NPCI Weighs 0.4% UPI Merchant Fee to Recover Up to ₹15,000 Crore a Year

The National Payments Corporation of India is considering a 0.4% merchant discount rate on select UPI transactions, a move that could help recover roughly ₹13,000-15,000 crore in annual costs while keeping most consumer payments free. NPCI chief executive Dilip Asbe said the proposal reflects the need to restore investment incentives after six years of zero MDR, with most of the charge expected to fall on large merchants already accepting card payments.

6 min readRead →

India Entertainment & Culture04 Oct 2026, 04:28 AM IST

India’s Power Consumption Jumps 11.35% in September to 162.19 Billion Units

India’s electricity consumption rose 11.35% year-on-year to 162.19 billion units in September, reflecting a firm rebound in demand even as growth moderated in the second half of the month. Analysts expect industrial and commercial usage to remain supportive through the festival season, helping offset softer momentum in some segments.

5 min readRead →

Banking, Fintech & Insurance03 Oct 2026, 07:54 AM IST

Proposed 0.4% UPI MDR Could Generate Rs 15,000 Crore in Year One, Says NPCI Chief

A proposed 0.4% merchant discount rate on UPI transactions could recover as much as Rs 15,000 crore in the first year, according to NPCI chief Dilip Asbe, reviving debate over how India should fund the country’s fastest-growing digital payments rail. The proposal comes as policymakers weigh the long-term economics of UPI, which has scaled rapidly on the back of zero-cost consumer usage but has left banks, payment firms and infrastructure providers searching for a sustainable revenue model.

5 min readRead →

Startups & Venture Capital03 Oct 2026, 05:47 AM IST

Proposed 0.4% UPI MDR Could Recover Rs 15,000 Crore in First Year, Says NPCI Chief

A proposed 0.4% merchant discount rate on UPI transactions could generate as much as Rs 15,000 crore in the first year, according to NPCI chief Dilip Asbe, reviving a long-running debate over how India should fund its fast-growing digital payments infrastructure. The proposal comes as policymakers weigh the trade-off between keeping UPI free for users and ensuring a sustainable revenue model for banks, payment firms and merchants.

5 min readRead →

Banking, Fintech & InsuranceJust now (03:42 PM IST)

India’s UPI Fee Shift May Cement PhonePe and Google Pay Dominance

India’s new merchant fee regime for high-value UPI transactions could hand a major revenue windfall to the country’s largest payment apps while widening the gap between incumbents and smaller rivals. Bernstein estimates PhonePe and Google Pay could together earn about $900 million annually by March 2028, reinforcing their scale advantage as the market adjusts to the 0.4% charge on merchant payments above Rs 2,000.

5 min readRead →

India Sports & CricketJust now (01:58 PM IST)

Asian Games 2026: India’s Medallists, Sport by Sport, Signal a Broadening Elite Pipeline

India’s medal haul at the Aichi-Nagoya Asian Games 2026 offers a detailed snapshot of where the country’s high-performance system is delivering and where it still needs depth. Categorised by sport, the full list of medallists underscores India’s expanding competitiveness across traditional strength events and newer podium avenues alike.

5 min readRead →

Banking, Fintech & InsuranceJust now (08:45 AM IST)

Proposed 0.4% UPI MDR Could Recover Rs 15,000 Crore in First Year, Says NPCI Chief

A proposed merchant discount rate of 0.4% on UPI transactions could generate as much as Rs 15,000 crore in the first year, according to NPCI chief Dilip Asbe, reviving debate over how India should fund the rapidly expanding digital payments ecosystem. The proposal comes as policymakers weigh the long-term economics of UPI, which has scaled dramatically on the back of zero-cost consumer adoption and heavy government support.

5 min readRead →

Banking, Fintech & InsuranceJust now (10:56 PM IST)

Bank Unions Defer Three-Day Strike After Talks With IBA, Open Door to Holiday and Incentive Negotiations

Bank unions have deferred their planned three-day nationwide strike after discussions with the Indian Banks' Association, easing the immediate threat of disruption across the banking system. The talks are expected to continue through a newly proposed high-level committee that will examine long-pending employee demands, including a five-day workweek and concerns over the Performance Linked Incentive scheme for senior officers.

5 min readRead →

Banking, Fintech & InsuranceJust now (01:09 PM IST)

NPCI Weighs 0.4% UPI Merchant Fee to Recover Up to ₹15,000 Crore a Year

The National Payments Corporation of India is considering a 0.4% merchant discount rate on UPI transactions, a move that could help recover roughly ₹13,000-15,000 crore in annual costs while leaving most consumer payments free. NPCI chief executive Dilip Asbe said the proposed charge would largely fall on large merchants already accepting credit cards, as the payments network seeks to revive investment after six years of zero MDR.

5 min readRead →

Banking, Fintech & InsuranceJust now (08:32 AM IST)

NPCI Eyes 0.4% UPI Merchant Fee to Recover Up to ₹15,000 Crore a Year

India’s payments infrastructure operator is weighing a 0.4% merchant discount rate on UPI transactions, a move that could help recover roughly ₹13,000-15,000 crore in annual costs while keeping most consumer payments free. NPCI chief executive Dilip Asbe said the proposal would primarily target large merchants already accepting credit cards, as the system faces slowing investment after six years of zero MDR.

7 min readRead →

Banking, Fintech & InsuranceJust now (07:09 AM IST)

NPCI Weighs 0.4% UPI Merchant Fee as Annual Cost Recovery Could Reach ₹15,000 Crore

The National Payments Corporation of India is considering a 0.4% merchant discount rate on certain UPI transactions, a move that could recover roughly ₹13,000-15,000 crore a year while leaving most consumer payments free. NPCI chief executive Dilip Asbe said the proposal would mainly affect large merchants already accepting credit cards, as the payments network seeks fresh revenue to support slowing investment.

5 min readRead →

Markets, IPOs & WealthJust now (02:29 PM IST)

Flipkart Posts Record $200 Million Single-Day Sale, Marking Biggest Day Since 2007 Launch

Flipkart has recorded its highest-ever single-day sales, grossing $200 million in a one-day shopping surge that underscores the scale of India’s online retail market. The milestone is the biggest single-day performance for the Bengaluru-based company since its launch in 2007, highlighting both consumer demand and the intensifying battle for market share in Indian e-commerce.

5 min readRead →

Banking, Fintech & InsuranceJust now (10:00 AM IST)

Proposed 0.4% UPI MDR Could Recover Rs 15,000 Crore in Year One, Says NPCI Chief

A proposed 0.4% merchant discount rate on UPI transactions above a threshold could generate as much as Rs 15,000 crore in the first year, according to NPCI chief Dilip Asbe, reviving debate over how India should fund its fast-growing digital payments infrastructure. The proposal comes as policymakers weigh the long-term economics of UPI, which has scaled rapidly on the back of zero-cost consumer usage but continues to impose rising operating costs on banks and payment networks.

5 min readRead →

Macro Economy & Fiscal PolicyJust now (06:47 AM IST)

Brazilian Pigeonpea Set to Enter India as Pulse Imports Broaden Beyond Black Matpe

Brazilian pigeonpea is expected to reach Indian markets by year-end, subject to phytosanitary clearance, marking another step in India’s widening pulse import strategy. The shipment comes after black matpe arrivals and reflects New Delhi’s effort to stabilise domestic supplies and moderate price pressures in a food economy that remains sensitive to shortages.

5 min readRead →

Banking, Fintech & InsuranceJust now (05:45 AM IST)

NPCI Plans 0.4% UPI Merchant Fee to Recover Up to ₹15,000 Crore a Year

India’s payments infrastructure may be headed for its most significant pricing reset since UPI became the country’s dominant retail rail. The National Payments Corporation of India is considering a 0.4% merchant discount rate on certain UPI transactions, a move that could recover roughly ₹13,000-15,000 crore in annual costs while keeping most consumer payments free. NPCI chief executive Dilip Asbe says the proposal is aimed at restoring investment capacity after six years of zero MDR and would largely fall on large merchants already accepting credit cards.

5 min readRead →

Banking, Fintech & InsuranceJust now (07:59 PM IST)

NPCI Weighs 0.4% UPI Merchant Fee to Recover Up to ₹15,000 Crore a Year

The National Payments Corporation of India is considering a 0.4% merchant discount rate on certain UPI transactions, a move that could help recoup roughly ₹13,000-15,000 crore in annual costs while keeping most consumer payments free. NPCI chief executive Dilip Asbe said the proposal would largely target larger merchants already accepting credit cards, as the zero-MDR model has strained investment in the payments ecosystem.

5 min readRead →

Banking, Fintech & InsuranceJust now (02:58 PM IST)

NPCI Chief Says 0.4% UPI MDR Could Recover Rs 15,000 Crore in First Year

A proposed 0.4% merchant discount rate on UPI transactions could generate as much as Rs 15,000 crore in the first year, according to NPCI chief Dilip Asbe, reviving debate over how India should fund its fast-expanding digital payments infrastructure. The proposal comes as policymakers weigh the trade-off between keeping UPI free for users and creating a sustainable revenue model for banks, payment firms and the broader ecosystem.

5 min readRead →

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Political leaders, ministers, corporate executives, judges, athletes and creators. All news mentioning this entity is automatically verified and aggregated into this live intelligence dossier.

Co-Occurring Entities

Entities frequently referenced alongside Dilip Asbe:

National Payments Corporation of India(18)New Delhi(16)India(11)Asian Games(2)Vedanta(1)Sujeet Kalkal(1)