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UPI to remain free for consumers, says Payments Council of India
The Payments Council of India clarified UPI transactions will remain free for consumers. Small merchants, including kirana stores, will also not face charges for digital payments. This assurance addresses concerns about potential merchant fees within the digital payments ecosystem. Banks and payment providers have invested heavily in maintaining the UPI infrastructure.
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economictimes.indiatimes.com
Government moves closer to restoring MDR on UPI merchant payments
Parliamentary amendments propose restoring merchant discount rates on UPI payments. This move aims to encourage digital transactions by allowing banks to charge fees. The…
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hindustantimes.com
Big change in UPI policy? Payments above ₹2,000 may carry a fee. What we know
The bill seeks to remove the provision that prevents banks and payment service providers from charging a fee, including MDR, on notified electronic payments. | India News
