Unified Payments Interface or UPI transactions have become an important backbone of the digital payments economy in India. With wide adoption and transactions running into several lakh crore every month, UPI is an important payments enabler for the common man, small and big businesses.

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.