PhonePe and Razorpay leaders affirmed UPI payments will stay free for consumers. They support sustainable revenue models for payment infrastructure and businesses. Larger businesses may face merchant charges, while small merchants remain exempt. This follows parliamentary approval to allow charges on digital payment modes. Future charges will be borne by businesses, not by customers.

Explore the potential changes to UPI fees as a new bill in Parliament raises concerns about possible charges on transactions.

UPI remains free for now. So why is everyone talking about MDR? Here's what the government's proposed amendment actually changes, whether you'll have to pay for UPI in the future,…

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.…

PhonePe CEO confirms UPI transactions will remain free for consumers, emphasizing the need for robust fraud prevention and system resilience.

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…