Finance Minister Sitharaman confirms no charges for UPI transactions for consumers and small merchants, emphasizing financial inclusion.

New Delhi, Aug 7 (PTI) Consumers and small merchants will continue to enjoy free Unified Payments Interface (UPI) services even as the Lok Sabha passed a Bill to amend the Payment…

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…

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…

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.

Parliament has passed the Taxation and other Laws (Amendment) Bill. Finance Minister Nirmala Sitharaman confirmed UPI will remain free for consumers. The legislation removes the…