Explore the latest news, in-depth reports, and executive analysis tagged with #Amd.
NPCI's November 11 circular links a new small merchant incentive scheme to UPI MDR implementation, signalling that the rollout could be close.
The company’s total expenditure increased 16% to Rs 770 crore during the quarter from Rs 662 crore in the year-ago period.
The UPI MDR rollout, which was announced from October 15, will be implemented post Diwali.
![UPI MDR Delay: PhonePe meets govt officials; NPCI Steering Committee Meeting cancelled today [Exclusive]](/upload/theheadandtale.com/2026/10/1791547094_aa1c7337de_upi_2.jpg)
With NPCI also holding meetings with government departments, uncertainty over the October 15 rollout continues, sources say.
The proposed introduction of a Merchant Discount Rate (MDR) on UPI transactions, which was starting from October 15, is likely to be deferred to January.
The appointment follows a succession process that gained momentum after Sashidhar Jagdishan informed the board in August that he would step down at the end of his term.
Saha, who joined Kotak Mahindra Bank in January 2026, will succeed Ashok Vaswani, whose term as CEO ends on December 31.
The government's decision to reintroduce MDR has triggered a debate among merchants and the payments industry.
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.
The NPCI framework also proposes a flat Rs 5 MDR on UPI transactions above Rs 2,000 for specified merchant categories.
The government has, however, specified that banks and other system providers cannot impose any charge on RuPay-powered debit cards and UPI payments of up to Rs 2,000.
This video captures the economics, the loopholes, who actually wins if MDR returns, and why the government might be playing a longer game than just UPI.
The proposed amendment, tabled by FM Nirmala Sitharaman, marks a shift from the existing legal framework, under which UPI enjoys a statutory exemption from MDR.
In this edition, we revisit the longest-running payments debate i.e. UPI MDR; and we explore what happens when sovereign AI, venture capital and national interest collide.
Singh, who spent more than 11 years at Uber, will join OpenAI in September.
The funding round saw participation from Uncorrelated Ventures, Aaruha Technology Fund, Vikash Agarwal and other investors.
The funds were raised via a mix of listed non-convertible debentures (NCDs) and external commercial borrowings (ECB).
The decision is part of the US efforts for production of chips locally and reduced its dependence on chip manufacturers in Taiwan.
A quick update on Visa’s move to discontinue the special pricing for utilities; and why TPG's JV with TCS to build AI data centres is not a mere coincidence.
While the government insists UPI is free, hidden charges, unsustainable incentives, and industry frustrations tell a different story.
