Will your UPI transactions soon be chargeable? That’s the question on the minds of users since a bill cleared Lok Sabha allowing banks to charge merchants with a fee.

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…

CS Setty, the chairman of State Bank of India, said that quantifying transaction costs for UPI remains a challenge. As debates about introducing potential fees for UPI merchant…