SBI Gears Up for Epic UPI Battle with New Merchant Fees

Ladies and gentlemen, the State Bank of India is gearing up for a monumental clash! Starting October 15, a new merchant discount rate on UPI transactions could unleash a tidal wave of revenue! Merchants may slice those hefty payments like a pro wrestler dodging a slam to avoid fees. With a potential windfall of over Rs 20,000 crore, the banking titans are ready to rumble! Who will emerge victorious?

Quick rundown

1.SBI to recover UPI transaction costs via MDR.

2.Merchants might split payments to avoid MDR.

3.UPI ecosystem set to generate significant revenue.

4.Axis Bank leads in UPI payer-side PSP space.

5.Smaller banks may face challenges with large inflows.

RBI Says No Fees for You, Just a Little for Merchants!
RBI Says No Fees for You, Just a Little for Merchants!
Hey there! The RBI is saying, 'Hey, we need a little dough for big UPI transactions!' Starting now, there’s a 0.4% fee for payments over ₹2,000, but don’t sweat it! If you’re under that, it’s free, like a slice of pizza! They want to keep UPI safe and fun, just like me at a party! Let's keep those digital payments rolling, folks!
04:25 am on Wednesday, 16 September, 2026
No Foreign Nonsense: UPI Payments Get 0.4% Discount Rate
No Foreign Nonsense: UPI Payments Get 0.4% Discount Rate
Listen up, you lot! The finance ministry just blasted the idea that foreign powers are pulling strings on UPI payments. Starting October 15, a 0.4% Merchant Discount Rate on transactions over ₹2,000 is rolling out, and it’s not a tax! This is about fortifying our payment system and backing small businesses. No nonsense here, just pure Indian grit!
01:55 pm on Wednesday, 16 September, 2026
MDR Disaster: Small Merchants Fleeing to Cash Again!
MDR Disaster: Small Merchants Fleeing to Cash Again!
Folks, let me tell you, the Merchant Discount Rate is making a comeback! Starting October 15, small merchants and savvy shoppers might just sprint back to cash. GTRI says this 0.4% fee on UPI transactions over Rs 2,000 is a total disaster! We can't let Washington pressure us. UPI must stay strong, folks! We need to keep the cash flowing, believe me!
04:55 pm on Wednesday, 16 September, 2026
UPI Transactions Par Charges Ka Kya Hoga? Jethalal Ki Soch!
UPI Transactions Par Charges Ka Kya Hoga? Jethalal Ki Soch!
Arre bhai, suno! Ek panel hai, banks wale, jo decide karne wale hain ki UPI transactions par kya charge lagana hai, samjhe? 2000 se upar ki baatein ho rahi hain! Brazil aur China ki tarah, humare bhi kuch rules honge. UPI toh free hai, lekin kabhi kabhi kuch merchants ko thoda charge milega. Daya ki tarah, sab free chahiye, lekin kuch toh hoga na! Babita ji, dekho kya hota hai!
11:05 am on Tuesday, 15 September, 2026
UPI Fees: A Slice of Controversy or a Tasty Treat?
UPI Fees: A Slice of Controversy or a Tasty Treat?
Hey there! So, UPI is adding a little fee, like a cherry on top of a sundae! Some folks are saying it’s a smart move to keep UPI alive, while others are like, 'Whoa, hold your horses!' Starting October 15, it’s a real pizza pie of opinions, with merchants divided on whether to bite the bullet or not. What a tasty debate, huh?
09:10 am on Wednesday, 16 September, 2026

Series

View All

Cricket

West Indies tour of India

Australia tour of South Africa

World Championship of Legends

Asian Games in Japan Men's