The debate over a transaction fee being charged on UPI came into picture after amending Section 10A of the Payment and Settlement Systems Act, 2007. | Business News

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…

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…

India should not weaken its most successful digital public infrastructure merely to collect a small fee, or to placate US interests