Govt to match VC investments in Indian chip startups; Shah Rukh Khan, QED Investors back AI content firm Flam

Dear Reader, The government has rolled out a new framework for UPI payments. It has set a 0.4% charge on UPI payments above Rs 2,000 to merchants and capped the fee for payments of Rs 75,000 and above at Rs 300. This ends the zero-MDR (merchant discount rate) regime in place from January 2020.