Will you have to pay to use UPI? 7 FAQs on possible MDR and what it means for consumers answered

Will you now have to pay charges for your UPI transactions? That’s the big question that many are asking after the Lok Sabha cleared a Bill amending the Payment and Settlement Systems Act, 2007, enabling the government to authorise banks and other payment service providers to impose charges on transactions carried out through the Unified Payments Interface (UPI) and other electronic payment modes that may be notified.

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