UPI MDR from 15 October 2026: Who Pays the 0.4% Charge and Who Doesn’t
From 15 October 2026, merchants pay a 0.4% UPI MDR on some payments above ₹2,000, capped at ₹300. Customers pay nothing. Rates, examples and what small shops should do.
Tag: Digital Banking
Digital Rupee (e₹) in 2026 — Is It Actually Different From UPI?
The digital rupee (e₹) and UPI both let you pay by scanning a QR code on your phone, so it’s easy to assume they are…
Wallet KYC 2026 — RBI Rules for Paytm, PhonePe and Other Mobile Wallets
Mobile wallets get frozen or stop accepting money more often than people expect, and the reason is nearly always wallet KYC. Under the RBI’s rules,…
RBI Cancels Paytm Payments Bank Licence — Is Your Money Safe? A Banker’s Complete Guide
RBI cancelled Paytm Payments Bank licence on April 24, 2026. Is your money safe? What happens to your wallet, FASTag and UPI? A 14-year banker explains exactly what to do right now — service by service.