UPI still free, but there's a catch: Who ultimately pays & could cash make a comeback?
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This story is aggregated from The Times of India (timesofindia.indiatimes.com). Full reporting rights and copyright belong to the primary publisher.
Recent updates to UPI regulations have introduced a Merchant Discount Rate for certain transactions. While consumers will not incur any fees for their UPI payments, merchants will face a 0.4% charge on transactions above two thousand rupees. However, person-to-person UPI transfer...
Recent updates to UPI regulations have introduced a Merchant Discount Rate for certain transactions. While consumers will not incur any fees for their UPI payments, merchants will face a 0.4% charge on transactions above two thousand rupees. However, person-to-person UPI transfers and payments from small merchants continue to be free. This initiative is designed to foster sustainability and innovation in the digital payment ecosystem.
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https://timesofindia.indiatimes.com/business/india-business/upi-still-free-but-theres-a-catch-how-new-mdr-works-could-cash-payments-make-a-comeback/articleshow/134285783.cms
