UPI MDR Explained: Who really gets the 40 basis points, and how much
UPI's new 0.4% MDR grabbed headlines, but the real story is who profits. By our estimates, the top three UPI apps could get up to 40% of the MDR split.
Explore the latest news, in-depth reports, and executive analysis tagged with #Google Pay.
UPI's new 0.4% MDR grabbed headlines, but the real story is who profits. By our estimates, the top three UPI apps could get up to 40% of the MDR split.
In this piece, we write on Hella Infra using Shalimar Paints for a backdoor listing after a year of rating trouble and debt refinancing; and how protests against Google's proposed data centre have opened up a larger conversation around water...
In a joint representation, seven UPI apps have raised concerns around competition, customer choice, market concentration, security, transaction success rates and operational complexity.
As part of the collaboration, HSBC plans to develop more than 200 AI use cases over the next two years.
The comes just days after Amazon agreed to invest a fresh $5 billion in Anthropic.
Currently, the feature is available to AI Pro and AI Ultra subscribers in India.
Sakana AI had previously secured $135 million in a Series B round in November 2025.
As part of the deal, Hume AI’s CEO, Alan Cowen, and some of its leading engineers will join Google DeepMind.
Other companies such as Flipkart's super.money and Cred have also launched co-branded credit cards recently.
GPT-5.2 is the most advanced frontier model for professional work and long-running agents, said OpenAI in blog post.
Amazon, which seeks to create 1 million jobs in India with its fresh investment, has invested around $40 billion in India so far.
Emergent will use the fresh capital for product development, and global and team expansion.
The AI startup's launch of the newest model comes in the same month, Google and OpenAI also rolled out their upgraded models.
As part of the partnership, Accel's Atoms startup accelerator and Google's AI Futures Fund will provide selected ventures with investment up to $2 million.
Gemini 3 shows reduced sycophancy, increased resistance to prompt injections and improved protection against misuse via cyberattacks
This is part of the larger plan of Google to replace Google Assistant with Gemini.
Sept 5th Edition: We track Mukesh Ambani’s entry into a novel business that even big tech businesses are trying to make sense of; and the country’s top marketplaces’ credit bet.
Behind flashy apps and jackpots lies a complex web of mule accounts, payouts, and payment tricks that move thousands of crores beyond the screen.
Flipkart Group’s UPI app super.money also witnessed surge in its number of transactions in October to 50 million.