Entrepreneur and former BharatPe co-founder Ashneer Grover has questioned the proposed merchant fee on certain high-value UPI transactions, arguing that costs introduced into the payment ecosystem could eventually affect consumers. Grover’s remarks came after the government clarified that the proposed Merchant Discount Rate (MDR) would apply to certain merchant transactions above ₹2,000, while person-to-person UPI...
Nearly two years after regulatory restrictions halted the core operations of Paytm Payments Bank, an estimated ₹800 crore remains stuck within the system, raising fresh concerns about unresolved financial liabilities and the long tail of regulatory intervention in India’s fintech sector. The situation stems from the Reserve Bank of India’s decisive action in early 2024,...
In a significant regulatory action, the Reserve Bank of India has cancelled the banking licence of Paytm Payments Bank, marking a major development in India’s financial and fintech landscape. The decision, which came into effect on April 24, effectively bars the payments bank from carrying out banking operations under the provisions of the Banking Regulation...
As India steps into 2026, a series of significant financial and regulatory changes will come into force from January 1, directly influencing household expenses, borrowing costs, and everyday banking. These updates span fuel pricing, credit systems, loan interest rates, and digital finance, making it crucial for consumers to understand how their monthly budgets may be...
Unified Payments Interface (UPI) services experienced a widespread outage across India on Thursday evening, disrupting digital transactions for thousands of users and causing chaos for businesses reliant on cashless payments. This marks the fourth major UPI disruption in 2025, raising concerns about the reliability of the nation’s most widely used payment platform. The issue began...
Reserve Bank of India (RBI) Governor Sanjay Malhotra has clarified that he never stated that Unified Payments Interface (UPI) cannot remain free forever. Speaking at the post-RBI policy conference, Malhotra said, “I want to clarify that I never said UPI can’t remain free forever. There are costs, and these costs have to be paid by...