other

Ministry of Finance (India)

India's federal finance ministry, responsible for taxation, budget and financial-sector policy, including the framework governing digital payment charges.

Current clusters

invest2 publishers

India's new UPI fee set at 0.4%, will hit just 4% of merchant transactions, Finance Ministry says

NPCI has put a price on India's larger UPI merchant payments from October 15, and by the Finance Ministry's own estimate the 0.4% charge touches only 4% of merchant transactions. Person-to-person transfers stay free.

Publishers:indianexpress.comthehindu.com

Reality

Evidence74
Adoption25
Hype gap+14
Incentives78
Confidence70

invest1 publisher

India's UPI fee lands on the 4% of merchant payments that carry two-thirds of the value

The regime announced on September 15 ends zero-MDR on UPI after more than six years. The rate has not been notified, and the 0.4% figure in circulation would collect about four times what the rail costs to run.

Publishers:indianexpress.com

Reality

Evidence58
Adoption38
Hype gap+22
Incentives72
Confidence48