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Tag: Person-to-Merchant

RAI warns that a new 0.4% MDR on UPI merchant transactions above Rs 2,000, effective October 15, could push small retailers back toward cash just as the festive season begins
Finance

Retailers Body Warns UPI Fee Risks Pushing India Back To A...

PGurus Newsdesk - 0
Transactions above Rs 2,000 make up around 65% of UPI's total value, meaning the fee lands on payments merchants depend on most The Retailers Association...
In 2022, UPI clocked over 74.05 billion transactions in volume and Rs.126 trillion in terms of value
Banking

India saw 88 billion payment transactions worth Rs.150 trillion in 2022,...

PGurus Newsdesk - 0
People prefer UPI Person-to-Merchant & Person-to-Person with market shares of 40% and 44% respectively Led by Unified payments interface (UPI), payment modes like debit and...

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