The UPI MDR rollout is being deferred beyond October 15. The National Payments Corporation of India (NPCI) today communicated this to all third-party...
![UPI MDR Delay: PhonePe meets govt officials; NPCI Steering Committee Meeting cancelled today [Exclusive]](/upload/theheadandtale.com/2026/10/1791547094_aa1c7337de_upi_2.jpg)
The UPI MDR rollout is likely to be delayed beyond October 15, but a final decision is yet to be announced. Sources said several meetings have taken...
The proposed introduction of a Merchant Discount Rate (MDR) on UPI transactions is likely to be deferred to January, as the government weighs...
Today is Mahatma Gandhi’s 157th birth anniversary. On the same day, traders in parts of the country had planned to observe October 2 as a ‘No UPI’...
Apple Pay is launching in India today, nearly 12 years after its US debut, two sources told The Head and Tale. To start with, the iPhone-maker is...
From October 15, UPI transactions above Rs 2,000 will attract a Merchant Discount Rate (MDR) of 0.4%, or 40 basis points. Person-to-person...
In a significant move, the National Payments Corporation of India (NPCI) has issued a notification to the payments ecosystem on merchant discount...
![The MCC mayhem: HDFC Bank enters the scene; PayU sues banks; Razorpay prepares to contest IRF claims [Exclusive]](/upload/theheadandtale.com/2026/09/1789475840_7b2f2e1ea7_mcc_misuse_2.jpg)
The controversy around the merchant category code (MCC) is entering a new phase. What began as a one-off dispute in which one major lender ICICI Bank...
The Delhi High Court has directed the Reserve Bank of India to step in as a mediator in a dispute between payment aggregator PayU and a group of...
PhonePe has secured licences to offer domestic payment services in the UAE, paving the way for the payments major to launch operations in the...
The Reserve Bank of India (RBI) has extended by six months the deadline for payment aggregators (PAs) to complete KYC and due diligence of their...
Siddharth Shah, founder of API Holdings, the parent company of PharmEasy, one of India's heavily venture capital-backed former unicorns, last month...
Small finance bank Slice has raised $100 million in a new funding round at a valuation of around $450-$465 million (Rs 4,000-4,150 crore), a person...
PhonePe has emerged as the lowest bidder for Indian Oil Corporation’s (IOCL) payment terminal mandate, beating close to six-seven bidders, including...
Credit Saison, the Japanese financial services group, has shut down Aumnee, its fintech lending-infrastructure business in India, according to...
In its first institutional funding round, Navi Limited has raised $100 million from Dutch investment firm Prosus. The deal comes as the Sachin...
In this Money & Machines newsletter, we write on Hella Infra using Shalimar Paints for a backdoor listing after a year of rating trouble and debt...
Global card network Visa has invested $4 million in Pune-based payment aggregator Phi Commerce, acquiring a 2.5% stake in the company, two people...
On Tuesday, the government tabled a Bill in Parliament to amend the Payment and Settlement Systems Act, 2007. Over the last few days, we've seen...
In today's Money & Machines edition, we unpack Paytm's renewed Postpaid push and what has changed since its heyday; and on the AI front, we...
