NPCI chief

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Banking, Fintech & Insurance 07 Oct 2026, 05:39 PM IST

NPCI Chief Says 0.4% UPI MDR Could Recover Rs 15,000 Crore in Year One

A proposed 0.4% merchant discount rate on UPI transactions could generate as much as Rs 15,000 crore in the first year, according to the NPCI chief, reviving debate over how India should fund its fast-growing digital payments infrastructure. The proposal comes as policymakers weigh the economics of instant payments against the need to keep UPI affordable for merchants and consumers.

By RDU Global Wire6 min read

Banking, Fintech & Insurance04 Oct 2026, 08:54 PM IST

NPCI Chief Says 0.4% UPI MDR Could Recover Rs 15,000 Crore in First Year

A proposed 0.4% merchant discount rate on UPI transactions could generate as much as Rs 15,000 crore in revenue in the first year, according to the NPCI chief, reviving debate over how India should fund its fast-growing digital payments infrastructure. The proposal, if adopted, would mark a major shift in the economics of UPI, which has largely operated with zero merchant charges and has been central to India’s cashless push.

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Markets, IPOs & Wealth03 Oct 2026, 02:57 PM IST

Jhunjhunwala-Linked Fund Takes Stake in TFCI as Tourism Lender Signals Business Momentum

A fund associated with the late investor Rakesh Jhunjhunwala has acquired a stake in Tourism Finance Corporation of India, drawing market attention to the specialised lender at a time when travel-linked financing is regaining traction. In an interview with CNBC-TV18, TFCI Managing Director Satpal Arora said business conditions remain constructive and outlined an improving outlook for the company.

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Enterprise Tech, Cloud & AIJust now (08:35 PM IST)

Manufacturing Startups Face a Capital Crunch as Demand Outpaces Capacity

Manufacturing startups are confronting a widening funding dilemma: investors are increasingly drawn to physical assets and industrial capabilities, yet many young firms still need large amounts of capital before they can scale production. The shift is being sharpened by artificial intelligence, which is making software easier to replicate and pushing capital toward power electronics, storage components and grid equipment. Industry observers say the next phase of startup financing will depend less on software-style growth metrics and more on whether companies can prove durable manufacturing capacity.

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Banking, Fintech & InsuranceJust now (07:11 PM IST)

Proposed 0.4% UPI MDR Could Recover Rs 15,000 Crore in Year One, Says NPCI Chief

A proposed 0.4% merchant discount rate on UPI transactions could generate as much as Rs 15,000 crore in the first year, according to the NPCI chief, reviving debate over how India should fund the fast-growing digital payments ecosystem. The proposal comes as policymakers weigh the trade-off between keeping UPI free for users and ensuring a viable commercial model for banks, payment firms and merchants.

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Macro Economy & Fiscal PolicyJust now (01:37 PM IST)

ET Alpha Wealth Summit 2.0 to Map the New Playbook for Smart Money in a Fragmented World

The ET Alpha Wealth Summit 2.0 is set to examine how geopolitical conflict, technology rivalry and shifting capital flows are redrawing the global investment map. The event comes as investors increasingly look beyond traditional developed markets toward India, Southeast Asia and the Gulf, while infrastructure and commodities regain strategic importance.

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Banking, Fintech & InsuranceJust now (11:45 AM IST)

Proposed 0.4% UPI MDR Could Recover Rs 15,000 Crore in First Year, Says NPCI Chief

A proposed merchant discount rate of 0.4% on UPI transactions could generate as much as Rs 15,000 crore in the first year, according to the National Payments Corporation of India’s chief. The estimate underscores the scale of the subsidy gap in India’s fast-growing digital payments ecosystem and the pressure to find a sustainable funding model without slowing adoption.

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India Entertainment & CultureJust now (09:40 AM IST)

Dhanush, Vadivelu to Share Screen Space as 'D 56' Goes on Floors

Actor Dhanush’s next major Tamil film, tentatively titled 'D 56', has officially gone on floors, bringing together a cast that includes Vadivelu, Preity Mukhundhan and SJ Suryah. Directed by Tamizharasan Pachamuthu, the project is already drawing attention for pairing one of Tamil cinema’s most bankable stars with a veteran comedian-actor whose presence often signals a strong commercial and performance-driven narrative.

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India Sports & CricketJust now (05:51 PM IST)

Inside Salt Lake’s Race Against Time as India Prepares for Brazil Clash

Salt Lake Stadium is being restored under tight deadlines as India prepares for a high-profile clash with Brazil, with pitch repair and ground readiness handled through coordinated work between local staff and the Brazilian camp. The effort has become a behind-the-scenes test of logistics, standards, and trust, underscoring how elite football events are shaped as much by infrastructure as by tactics.

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Banking, Fintech & InsuranceJust now (12:10 AM IST)

Proposed 0.4% UPI MDR Could Recover Rs 15,000 Crore in First Year, Says NPCI Chief

A proposed 0.4% merchant discount rate on UPI transactions could generate as much as Rs 15,000 crore in the first year, according to the National Payments Corporation of India’s chief, underscoring the scale of revenue at stake in India’s digital payments ecosystem. The estimate comes as policymakers and industry participants continue to debate how to sustain payment infrastructure without slowing the rapid adoption of UPI among merchants and consumers.

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Co-Occurring Entities

Entities frequently referenced alongside NPCI chief:

National Payments Corporation of India(10)New Delhi(9)India(4)Yashasvi Jaiswal(1)Wankhede Stadium(1)Vadivelu(1)