AGP Executive Report
Last update: 4 hours agoUPI Merchant Fees in Focus: India’s RBI backed a 0.4% Merchant Discount Rate on UPI payments to merchants above Rs 2,000 from Oct 15, while keeping person-to-person and small merchant payments free—sparking debate on who ultimately pays. Local Finance Watch: NPCI says the MDR is capped at Rs 300 for transactions of Rs 75,000+, and a 22-member bank and industry panel is set to shape how charges roll out. Mauritius Investment Angle: A report highlights Mauritius’ Investor Occupation Permit reforms requiring at least $100,000 initial investment, with renewal tied to turnover—positioning the island as a gateway for African and global capital. Tourism & Air Links: Emirates renewed and signed seven tourism deals at ATM 2026, including renewed partnerships with Seychelles and Mauritius Tourism Promotion Authority, while reporting strong winter booking momentum. Regional Business Leadership: EFAfrica Group appointed Tanzanian Nicomed Bohay as Group CEO, with the Mauritius-headquartered lender expanding equipment finance across Africa. Deal Watch (Mining): Solar Industries’ arm plans to acquire South Africa’s Omnia Holdings for ₹12,951 crore, with Omnia’s mining business set to bolster explosives and blasting solutions.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
Perspectify News
