Payment and Settlement Systems Act 2007

Big intervention of Supreme Court on UPI payment charge controversy, notice sent to Centre, RBI and NPCI; Refusal to ban the rule applicable from October 15

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The controversy over the Central Government's decision to impose merchant charges on Unified Payments Interface (UPI), which has become an integral part of the daily lives of 140 crore citizens and crores of merchants across the country, has now reached the threshold of the Supreme Court of the country. The Supreme Court has taken an … Read more

Will the charge be removed from UPI? The eyes of the entire country are fixed on this big decision of the Supreme Court to stop the limit of Rs. 2000!

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The coming days are going to be very important for the Indian digital payment ecosystem. The Supreme Court on Monday will hear a petition filed against the Central Government's decision to impose Merchant Discount Rate (MDR) on select UPI 'Person-to-Merchant' (P2M) transactions of more than Rs 2,000. This entire matter is directly related to the … Read more