Fintech Startups To Watch: Startups That Caught Our Eye In October
The NPCI is considering a framework where eligible P2M UPI transactions over ‘2,000 would incur a 0.40% fee, capped at ‘300. While retail traders have protested the move, the Supreme Court declined to stay the proposed charges. Meanwhile, UPI transaction volumes and values saw a slight month-on-month decline in September.
Key points
- Proposed 0.40% MDR fee on UPI P2M transactions above ‘2,000
- Retail associations previously called for a 'No UPI Day' protest
- Supreme Court refused to stay the proposed MDR charges
- UPI transaction volume fell 1.8% in September
Summary and key points written by AI from the headline and a short excerpt, so they can be incomplete or wrong. Inc42 did the reporting; read the original for the full story.
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