Cohere, Aleph Alpha combine to target enterprise AI market

Economic Times - Sep 16, 2026

The combined business will operate as Cohere, with dual headquarters in Toronto and Berlin, while Aleph Alpha's Heidelberg office will focus on research. Aleph Alpha co-chief Ilhan Scheer will become chief operating officer of Cohere.

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Effective October 15, UPI payments to merchants (P2M) above Rs 2,000 will attract a 0.4% merchant discount rate with an overall cap of Rs 300. Besides, a flat concessional MDR rate of Rs 5 would be applicable on specific merchant categories such as railways, telecom services, insurance, and fuel for transaction above Rs 2,000.

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Effective October 15, UPI payments to merchants (P2M) above Rs 2,000 will attract a 0.4 per cent MDR with an overall cap of Rs 300. Besides, a flat concessional MDR of Rs 5 would be applicable on specific merchant categories such as railways, telecom services, insurance, and fuel for transaction above Rs 2,000.

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The debate over UPI transaction charges is raising questions for merchants and consumers. A proposed 0.4% MDR on UPI transactions above ₹2,000 could change the economics of digital payments, even as the government maintains that consumers will not directly bear the cost.But could merchants ultimately pass the additional expense on to customers?In this video, we look at what a 0.4% MDR could mean for merchants, consumers and India’s rapidly growing digital payments ecosystem. Could new charges affect UPI’s popularity or change how businesses accept digital payments?Watch the full report for the key issues surrounding UPI MDR and the future of digital payments in India. -newsNews18 Mobile App - https://onelink.to/desc-youtube

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