UPI to stay free for users; merchants might see small charges
The Finance Ministry has confirmed that UPI services will continue to be free for individual users, with no charges on person-to-person transfers. The government noted that if a Merchant Discount Rate (MDR) is implemented, it would only apply to specific merchant transactions exceeding a set limit. These potential fees would be minimal and significantly lower than the MDR rates currently applied to credit or debit card payments.
by shortkt.com✓