The Indian government clarified that UPI transactions will remain free for consumers and person-to-person transfers, with most merchant payments also free. Any future Merchant Discount Rate (MDR) would be nominal, threshold-based, and apply only to high-value merchant transactions, far lower than card charges. The clarification follows amendments to the Payment and Settlement Systems Act, 2007, which sparked speculation about fees.
UPI stays free for users; nominal MDR may apply to select merchants
Source: News18