PhonePe and Razorpay leaders confirm UPI payments will remain free for consumers, advocating sustainable revenue models where businesses, not users, bear future charges.

RBI has sufficient funds to maintain the UPI platform without charging merchants or customers, despite proposed transaction fees.

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.…

The government’s move to lift the legal restriction on banks and platforms from imposing a charge or merchant discount rate (MDR) on UPI transactions, hitherto free, has generated…

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…

Government confirms UPI users won't face transaction charges; any future MDR will only apply to select merchants above a threshold.