PhonePe and Razorpay endorse selective UPI charges for large businesses, emphasizing that the unified payments interface will remain free for individual consumers.

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.…

PCI said small merchants, including kirana stores, should not be charged for accepting UPI payments. Any merchant service charge would be a commercial arrangement between…

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