PhonePe and Razorpay leaders confirm UPI payments will remain free for consumers, advocating sustainable revenue models where businesses, not users, bear future charges.
MDR debate has raised concerns over consumer charges
Aug 08, 2026
06:08 pm
What's the storyPhonePe co-founder and CEO Sameer Nigam has clarified that Unified Payments Interface (UPI) payments will continue to be free for consumers.
The statement comes amid a debate over the Merchant Discount Rate (MDR) on certain UPI transactions.
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