SynopsisCS Setty, the chairman of State Bank of India, said that quantifying transaction costs for UPI remains a challenge. As debates about introducing potential fees for UPI merchant payments gain traction, the government is exploring possible legal adjustments for transactions exceeding Rs 2,000. Meanwhile, industry analysts advocate for capped merchant discount rates for larger retailers, while person-to-person UPI transfers are anticipated to stay free for users.State Bank of India chairman CS Setty said banks cannot separately calculate how much their operating costs have risen because of the growing volume of UPI transactions hitting their IT systems, The Times of India reported. The comments come as discussions around introducing charges on UPI merchant payments gain momentum.Also Read: Payments Council backs UPI merchant charges, says users, small businesses will remain exempt“On the cost side, weNow Playing