#Merchant Category Codes

Explainer

PayU sues Yes Bank, ICICI Bank, Visa over MCC misuse. HC asks RBI to mediate

In its order, the Delhi HC has asked the RBI to depute a senior officer to help the parties reach a resolution within 30 days.

Sep 15, 2026 • Arti Singh

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Deepdives

Payment aggregators slow utility merchants business after network penalties

Some payment aggregator companies have faced penalties by card networks for misclassifying merchants under the utility merchant category codes.

May 22, 2026 • Arti Singh

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Deepdives

Exclusive: Reserve Bank of India cracks down on misuse of education payments

The RBI has directed payment aggregators to stop the misuse of education merchant category codes (MCC)...

Feb 27, 2026 • Arti Singh

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