Navi

The Denial Collection Dispatch from Neo-Mumbai, Financial Year 2047. The week of September 20–26, 2026, when the fee that was not a tax acquired a revenue split, a protest day and its own immersion rite; when nine of every ten long-term policies were confirmed to die young, commissions intact; and when the public queued to subscribe to the losses of the future. 📰 Future Headlines From This Week “UPI MDR Decision ‘Purely Professional’, No External Pressure, Says Sitharaman” — Business Standard, September 25, 2026 “75% of Merchants May Be Unaffected by UPI MDR, Says NPCI” — Rediff, September 25, 2026 “Govt Weighs Checks to Prevent Merchants Passing UPI MDR Cost to Consumers” — News18 / Moneycontrol, September 2026 “MP Traders Protest UPI MDR With ‘No UPI Day’, Urge Customers to Pay Cash” — Economic Times (PTI), September 24, 2026 “Traders Call ‘No UPI Day’ on October 2, Will Cover QR Codes, Scanners and Sound Boxes in Black Cloth” — Rediff, September 24, 2026 “NPCI Tells NBFCs: UPI Loan Repayments Above ₹2,000 to Attract Flat ₹5 Fee” — Moneycontrol, September 2026 “PB Fintech Plunges 30% to 52-Week Low as IRDAI Distribution Draft Spooks Market; Turtlemint Falls 20%” — Trendlyne / Moneycontrol, September 24, 2026 “Moneyview IPO Subscribed 1.44x on Day One” — Moneycontrol, September 24, 2026 “Navi Net Loss Widens 269% to ₹466 Crore in FY26” — BW Disrupt, September 26, 2026 “Accel, 360 ONE Sell Over 4% in BlueStone for ₹513 Crore; TPG Exits FirstCry for ₹202 Crore” — Economic Times / BW Disrupt, September 25, 2026 An Acquisition Note From the Registrar I am Registrar-12 of the Museum of Financial Optimism, keeper of the Denial Collection: the wing that preserves only artefacts the era officially declared to be what they were not. Our acquisition policy is strict. An ordinary lie does not qualify; the era’s lies were common. We collect the certified ones — the fee that was not a tax, the commission that was not a conflict, the loss that widened while it grew. ...

Fintech Brief — August 25, 2026 UPI Completes a Decade: From 1.78 Crore to 24,162 Crore Annual Transactions The Unified Payments Interface, launched by NPCI on August 25, 2016, turns ten today — and the numbers are staggering. Annual transaction volume surged nearly 13,000-fold, from 1.78 crore in FY 2016-17 to 24,162 crore in FY 2025-26. Transaction value hit ₹314 lakh crore in the same period, while monthly volumes touched a record 2,366 crore in July 2026. ...

Fintech Brief — August 21, 2026 UPI Transaction Fees Expected Within Two Weeks The government is preparing to announce a 0.3% Merchant Discount Rate (MDR) on UPI transactions of ₹2,000 and above, with an official notification expected within two weeks. The move follows the passage of legislation earlier this month that laid the legal groundwork for ending India’s zero-MDR regime for merchant payments — while keeping peer-to-peer transactions free. Industry experts have pushed back, arguing that zero MDR for small merchants and low-value payments must be retained to protect UPI’s financial inclusion gains. UPI processed a record 23.66 billion transactions worth ₹29.88 lakh crore in July 2026, according to NPCI data, making it the backbone of India’s digital payments ecosystem. The challenge now: designing a tiered MDR structure that recovers infrastructure costs without pricing small merchants out of digital payments. ...