UPI to remain free for users; nominal MDR may apply to select merchant transactions
Consumers will not face any charges for UPI payments. Most merchant transactions will also remain free of cost. Any future charges will apply to limited merchant transactions above a threshold. This move aims to ensure UPI's long-term sustainability and technological advancement. The government stated UPI will remain free for citizens.
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- Payments Council backs UPI merchant charges, says users, small businesses will remain exempt economictimes.indiatimes.com
