Finance Minister Nirmala Sitharaman confirms UPI payments will remain free as Parliament passes the Taxation and Other Laws Amendment Bill.

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…

The Payment and Settlement Systems Act, 2007 was passed in Lok Sabha, giving rise to concerns that the law would allow banks to charge fees on UPI transactions. | India News

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…