GENERAL15 Sept 2026
Delhi HC asks RBI to mediate PayU, banks, Visa row over merchant codes
The Delhi High Court has stepped into a dispute between PayU, banks and Visa over how merchants are classified and how interchange fees are claimed. The court has asked the Reserve Bank of India to name a senior officer who will hold talks and help settle the matter within 30 days. If you accept card payments, this could affect your fees.
Key Statutory Highlights
- The Delhi High Court has asked the Reserve Bank of India to help resolve a dispute involving PayU, banks and Visa.
- The dispute is over merchant classification and interchange fee claims.
- The RBI has been asked to nominate a senior officer to hold talks and settle the matter within 30 days.
Actionable Advice for Taxpayers / Founders:If your business accepts card payments, keep an eye on this case and ask your payment provider how your business is classified as a merchant. Avoid changing your pricing or contracts based only on this news.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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