The Payments Council of India was formed under the aegis of IAMAI in the year 2013 catering to the needs of the digital payment industry.
Mumbai, India
Joined July 2017
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PCI - Payments Council of India retweeted
When it comes to UPI and MDR, knowing the right information makes all the difference.
Person-to-Person UPI payments continue to remain completely free, no matter the transaction amount. MDR is applicable only to specified merchant transactions above ₹2,000 and is not charged to the customer making the UPI payment.
Know the right information and continue using UPI with confidence like you always have!
For any UPI related help, visit: upihelp.npci.org.in
#UPI #UPIChalega #KBConSonyTV #KBC2026 #SonyTV #KnowItAllWithUPI
PCI - Payments Council of India retweeted
UPI continues to remain free for consumers. Person-to-person (P2P) payments remain completely free, while person-to-merchant (P2M) transactions up to ₹2,000 continue with zero MDR.
For specified merchant transactions above ₹2,000, MDR is applicable on the merchant side—not to UPI users. UPI MDR helps support the technology, infrastructure and operations needed to keep the UPI ecosystem running smoothly and sustainably.
#UPI #NPCI #UPIChalega #DigitalPayments
PCI - Payments Council of India retweeted
UPI continues to remain free for consumers. Person-to-person (P2P) payments remain completely free, while person-to-merchant (P2M) transactions up to ₹2,000 continue with zero MDR.
For specified merchant transactions above ₹2,000, MDR is applicable on the merchant side—not to UPI users. UPI MDR helps support the technology, infrastructure and operations needed to keep the UPI ecosystem running smoothly and sustainably.
#UPI #NPCI #UPIChalega #DigitalPayments
PCI - Payments Council of India retweeted
Flat MDR for essential services, keeping digital payments efficient.
For specific sectors such as railways, telecom, insurance and fuel, a flat MDR of ₹5 applies to eligible UPI transactions above ₹2,000, instead of a variable percentage rate.
This flat-rate model helps prevent cost escalations in critical public services, utility bill collection and thin-margin sectors like fuel retail—keeping essential consumer services low-cost and digitally efficient.
#KnowTheFacts #UPIUpdates
PCI - Payments Council of India retweeted
The introduction of MDR on large-value UPI transactions (i.e., above ₹2,000) is an important step towards strengthening the long-term sustainability of India’s digital payments ecosystem. It will help UPI in continuing to scale, innovate and serve consumers and businesses across the country.
A fair and appropriate distribution of MDR across ecosystem participants will support continued investment in technology, infrastructure and acceptance networks. This, in turn, can enable wider UPI acceptance, deepen the customer base and support sustained growth in transaction volumes.
Importantly, all UPI transactions - P2P and P2M - shall remain free for users. P2M UPI transactions below ₹2,000 will continue to remain free for merchants, while MDR may be levied on merchants for P2M .
RBI remains committed to ensuring that UPI continues to be safe, seamless, affordable, and accessible, while supporting the long-term sustainability and growth of India’s world-class digital payments ecosystem.
PCI - Payments Council of India retweeted
👉 UPI Continues to Remain Free for Peer to Peer Transactions and 96% of Merchant Transactions
👉 The new UPI framework introduced has no impact on any person to person transactions
👉 UPI will continue to remain completely free for all person-to-person transactions, irrespective of the amount transferred
👉 Payments to merchants up to ₹2,000, along with transactions covered under the zero-MDR framework for small merchants, will also remain free
👉 Consequently, approximately 96% of all P2M transactions will remain unaffected. MDR will apply only to specified merchant transactions above ₹2,000
👉 It is clarified that MDR is neither a tax nor a charge collected by the Government or @NPCI_NPCI. It is distributed among payment ecosystem participants, including banks and payment application providers, to support the operation and continued expansion of the UPI ecosystem
👉 Introduced under the Payment and Settlement Systems Act, 2007, following detailed deliberations by the UPI Steering Committee, the framework seeks to ensure the long-term sustainability of UPI while protecting individuals and small merchants from additional charges
Read here for full details ➡️ pib.gov.in/PressReleasePage.…
PCI - Payments Council of India retweeted
Zero-charge policy was useful when the goal was to spur initial UPI adoption. But now that UPI has matured, keeping it safe and efficient while ensuring growth requires major investments. Hence, the need for charges.
timesofindia.indiatimes.com/…
PCI - Payments Council of India retweeted
What is all the buzz about UPI?
There has been considerable discussion around UPI and merchant charges. Here are the facts behind the conversation what it means for consumers, merchants, and India's digital payment ecosystem.
#UPI #DigitalPayments
PCI - Payments Council of India retweeted
Shri Kris Gopalakrishnan (@kris_sg), Chair - Global Fintech Fest (GFF), calls on Smt @nsitharaman.
PCI - Payments Council of India retweeted
Here’s some information you can ‘bank’ on! When it comes to protecting your bank account, you can never be too safe. Go through the do’s and don’ts and learn how to dodge scams, and financial frauds! If it sounds phishy on the phone, be extra careful🛡️
@PCIUpdates @FCCUpdates
PCI - Payments Council of India retweeted
Beware! Navigating the maze of scams in India. Learn to differentiate between a friend and a fraud.
Stay informed, stay secure!
@PCIUpdates @FCCUpdates
#ScamAlert #PaymentSafety #StayInformed #fintech
PCI - Payments Council of India retweeted
Spot the signs, stop the scams!
Stay one step ahead with insights into common banking frauds and protect your hard-earned money. Share to keep everyone on guard.
@PCIUpdates
@FCCUpdates
#Subk #PCI #FCC #Finance #Awareness #FinancialAwareness #FraudPrevention #StayProtected
PCI - Payments Council of India retweeted
Can you spot the difference? 💡 Stay sharp with our 'Friend or Fraud' tips and keep your finances safe. Remember, if it seems fishy, it probably is!
@PCIUpdates @FCCUpdates
#FraudAwareness #FinancialSafety #KarmaLife
PCI - Payments Council of India retweeted
"🚨 Protect your Finances! 🛡️"
Don't fall prey to fraud calls/messages seeking your bank or other financial details. Keep yourself aware to outsmart scammers and keep your finances secure.
@FCCUpdates @PCIUpdates
#FraudProtection #SafetyFirst #fintech
PCI - Payments Council of India retweeted
Secure your UPI payments with Paytm and a strong password! In collaboration with @FCCUpdates and @PCIUpdates, we're on a mission to empower every Indian with safe mobile payments 🚀
Join us on this journey of financial inclusion and make #HarPaymentDigital 🇮🇳
#PaytmKaro @Bank_on_Fi @NPCI_NPCI
PCI - Payments Council of India retweeted
Don't Fall for Scams! Protect Your Finances!
Be Aware, Be Alert!
Financial scams are on the rise, and it's crucial to stay vigilant.
@PCIUpdates @FCCUpdates
#Subk #PCI #FCC #StaySafe #BeAlert #Financialsafety #Cyberseurity
PCI - Payments Council of India retweeted
Don't get hooked by phishing scams! 🎣 Watch out for these common red flags and never share sensitive information like CVV or OTPs. Your security is in your hands.
#PhishingScams #StayAlert #OnlineSafety #KarmaLife
@PCIUpdates @FCCUpdates
PCI - Payments Council of India retweeted
Secure your financial future, one step at a time! Protect your accounts by enabling 2-factor authentication and a strong password!
With #Paytm, make super-fast and secure mobile payments! We have joined hands with @FCCUpdates and @PCIUpdates to drive financial inclusion and literacy in India, making #HarPaymentDigital
@NPCI_NPCI
PCI - Payments Council of India retweeted
PASSWORDS are the real superheroes of cyber safety🔏
Remember to check each of the points before choosing your password. Because a strong password is like an unbreakable lock securing your financial future and all your digital treasures!
Stay tuned for more #CyberSafetyTips
PCI - Payments Council of India retweeted
Securing your digital footprint! Craft a password with:
-A capital and small case letter
-One numeric number
-8 characters
To drive financial inclusion and literacy in India, we have joined hands with @PCIUpdates and @FCCUpdates to make #HarPaymentDigital 🇮🇳
