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- Indexed articles, last 90 days
- 34
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- Oct 1, 2026
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- Jul 6, 2026
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UPI volumes, value fall in September after MDR announcement | Mint (opens the original)
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This is a Mint Premium article gifted to you.Subscribe to enjoy similar stories. Mumbai: Transactions on the Unified Payments Interface (UPI) platform dipped in September after the government announced the reintroduction of a merchant discount rate (MDR) on select transactions, with a sharper decline in the second half of the month pointing to some caution among customers and merchants ahead of the new charges. The UPI platform processed 24.07 billion transactions in September, down 1.8% from Au
Swiss Re sees India commercial insurance as key growth opportunity | Mint (opens the original)
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Mumbai: Swiss Re is entering India's direct commercial insurance market for the first time, after more than 25 years as only a reinsurer, as the Swiss giant looks to tap growing demand from Indian companies.The move centres on a partnership entered with Bajaj General Insurance in August. The two companies will offer risk-management solutions and international insurance programmes to Indian corporations—with an initial focus on Indian companies expanding internationally, Ivan Gonzalez, chief exec
NPCI says no immediate plan to review MDR, charges needed to fund technology and cybersecurity | Mint (opens the original)
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Mumbai: Despite pushback from various quarters over the reintroduction of merchant discount rate (MDR) charges on payments through the Unified Payments Interface (UPI), the National Payments Corporation of India (NPCI) is unlikely to make any immediate changes to the fee structure and will instead wait for more data before reviewing it. “We would like to avoid any sudden change,'' managing director and chief executive officer Dilip Asbe said at the sidelines of the SBI Banking and Economics Conc
Fee on UPI may nudge retail users towards central bank digital currency | Mint (opens the original)
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This is a Mint Premium article gifted to you.Subscribe to enjoy similar stories. Mumbai: The introduction of merchant discount rate (MDR) charges on person-to-merchant (P2M) transactions on the unified payments interface (UPI) could help the government and the Reserve Bank of India (RBI) push retail use cases for the central bank digital currency (CBDC), especially for key subsidy transfers. Higher adoption of the digital currency is also seen easing some burden off the over-strained UPI. There
Dollar deluge prompts ₹1 trillion OMO; enough liquidity tools, says RBI governor | Mint (opens the original)
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The Reserve Bank of India on Friday moved to drain the banking system's dollar deluge from the runaway success of its special foreign deposit scheme, announcing plans to drain ₹1 trillion through open market bond sales. The central bank said it will sell sovereign securities across three tranches —offering ₹50,000 crore on 17 September, followed by two offerings of ₹25,000 crore each on 21 and 28 September. The announcement comes after system liquidity crossed ₹11 trillion earlier this month, wi
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