Payment Aggregators

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Last Updated: Just Now

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Automotive, EVs & Mobility Just 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.

By RDU Global Wire5 min read

Banking, Fintech & Insurance6h ago

MDR on select UPI transactions is not a tax or surcharge, will not hit consumers, Sitharaman says

Finance Minister Nirmala Sitharaman has pushed back against criticism of the proposed Merchant Discount Rate on select high-value UPI transactions, saying it is neither a tax, cess nor surcharge and will not flow to the government. She said the charge is part of the digital payments ecosystem, will be borne by merchants, and is intended to support infrastructure and innovation in UPI.

5 min readRead →

National Governance & Policy2h ago

Tamil Nadu orders Rs 50 daily food allowance for 24,264 Chennai sanitation workers

The Tamil Nadu government has ordered a daily food allowance of Rs 50 for 24,264 conservancy workers of the Greater Chennai Corporation, replacing the meals currently supplied to them. The move follows a worker survey in which about 92% said they preferred cash support over the existing food scheme, citing persistent complaints over meal quality and delivery.

4 min readRead →

Startups & Venture Capital3h ago

IIT Madras-backed Unicorn India Ventures raises Rs 450 crore in first close, targets Rs 1,000 crore deep-tech fund by December

IIT Madras, its Research Park and Unicorn India Ventures have announced a first close of Rs 450 crore for a Rs 1,000 crore fund aimed at advanced technology startups, with the final close expected by December 2026. The fund has already deployed nearly Rs 55 crore across four deep-tech startups as it sharpens its focus on sectors seen as strategically important to India's industrial and national security ambitions.

6 min readRead →

Society, Crime & Public Affairs4h ago

Sachivalayam Staff Call 'Chalo Vijayawada' Protest on September 27 Amid Wage, Promotion Grievances

Employees of the Swarna Gramam and Swarna Ward Sachivalayams have announced a 'Chalo Vijayawada' protest on Sunday, pressing demands that include two notional increments, payment of pending wages and a permanent promotion structure. Police, however, have denied permission for the rally, citing heavy rains, Ganesh Nimajjanam and the enforcement of Section 30 of the Police Act.

4 min readRead →

National Governance & Policy6h ago

Muslim Youth League takes SIR protest to streets across Malappuram, demands CEC Gyanesh Kumar's resignation

The Muslim Youth League has escalated its campaign against the special intensive revision of electoral rolls with street protests across Malappuram, accusing Chief Election Commissioner Gyanesh Kumar of weakening the electoral process. Large rallies, including a major march in Kottakkal, drew thousands of workers and broadened the agitation into a wider critique of public policy and democratic rights.

4 min readRead →

Banking, Fintech & Insurance7h ago

RBI Announces Rs 24,000 Crore Treasury Bill Auction Across 91-, 182- and 364-Day Papers

The Reserve Bank of India has announced an auction of Government of India Treasury Bills worth Rs 24,000 crore, split across 91-day, 182-day and 364-day maturities, with settlement set for October 1, 2026. The sale will use a price-based multiple price method and will be open to competitive and non-competitive bidders, including retail investors through the RBI Retail Direct portal.

5 min readRead →

National Governance & Policy8h ago

Enforcement Authority Issues Release Order for Rashesh Purohit in TV Vision Recovery Case

India's enforcement machinery has issued a release order in the recovery proceedings tied to TV Vision Limited, naming Rashesh Purohit as the defaulter under PAN ADQPP1270Q and Certificate No. 7449 of 2023. The order, dated September 24, 2026, signals a procedural shift in a case that has been tracked under the Enforcement and Recovery Proceedings framework.

4 min readRead →

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Co-Occurring Entities

Entities frequently referenced alongside Payment Aggregators:

Unified Payments Interface(1)New Delhi(1)India(1)Finance Ministry(1)