The government is introducing a calibrated Merchant Discount Rate for large merchants to fund critical investments in cybersecurity, fraud prevention, and system reliability, while protecting small merchants and person-to-person transactions
The National Payments Corporation of India (NPCI) announced new changes to UPI effective from August 1 2025; Here is a list of what changed for users of UPI apps such as Paytm, PhonePe, Google Pay, PayZapp, BHIM, and so on