IIT-B report wants UPI MDR cut; says banks should forgo their share

Written and edited by the WorldPing NewsdeskPublished Updated Original reporting: Times of India
IIT-B report wants UPI MDR cut; says banks should forgo their shareWorldPing
Image via Times of India.

What happened

The study recommends setting the MDR share for TPAPs at 0.06%, lower than the 0.08% proposed by the National Payments Corporation of India (NPCI), while keeping the PSP share unchanged at 0.02%.

Key facts

  • The study recommends setting the MDR share for TPAPs at 0.06%, lower than the 0.08% proposed by the National Payments Corporation of India (NPCI), while keeping the PSP share unchanged at 0.02%.
  • Reported by Times of India and published Mon, 12 Oct 2026 11:30:00 UTC.

Why it matters

International stories like this one shape diplomacy, travel, energy supply and security decisions well beyond the country involved, which is why WorldPing tracks every update on it in one place.

What to watch next

  • Official statements or denials from the governments named
  • Whether other major newsrooms confirm the same details
  • Any follow-up decision, vote or deadline tied to the event

Coverage timeline

When each newsroom published on this story, oldest first — all times UTC.

  1. Clashes reported in Yemen as Houthis advance towards Taiz

  2. Teens at Sydney private religious school made to share beds with teachers, inquiry hears

  3. ABC reporter could face disciplinary action over opinion piece, journalists’ union says

  4. ‘No such discussion’: BCCI denies reports of IND-SL ODI being shifted out of Delhi

  5. IIT-B report wants UPI MDR cut; says banks should forgo their share

  6. Gaza: Still Reporting

  7. Rescue helicopters race to flood-hit Nepal villages as 5 reported missing

Sources

The original report was published by Times of India. WorldPing does not claim that reporting — this page summarises and contextualises it.

Read the full report at Times of India

Follow the story

Living hubs that keep updating as this story develops.

Related WorldPing coverage

Al Jazeera
WorldPing
Al Jazeera

Gaza: Still Reporting

When Israel orders an evacuation of Gaza City, a journalist documents the displacement while living it with her family.

Brief by WorldPing · Original reporting by Al Jazeera