New Delhi: Allaying fears over the possible imposition of charges on Unified Payment Interface (UPI) transactions, the government on Saturday, August 8,

The government said UPI will remain free for users, with P2P transactions and most merchant payments carrying no charges. A nominal, threshold-based MDR may be introduced for a limited set of merchant transactions to ensure UPI’s long-term sustainability.

The government said UPI will remain free for users, with P2P transactions and most merchant payments carrying no charges. A nominal, threshold-based MDR may be introduced for a limited set of merchant transactions to ensure UPI’s long-term sustainability.

The government has opened the door to introducing a nominal Merchant Discount Rate (MDR) on a limited set of UPI merchant transactions above a certain threshold, while assuring that consumers and person-to-person payments will continue to remain free.

The government has opened the door to introducing a nominal Merchant Discount Rate (MDR) on a limited set of UPI merchant transactions above a certain threshold, while assuring that consumers and person-to-person payments will continue to remain free.

The government confirms UPI transactions will remain free for users and most merchants, addressing concerns over potential fees.