UPI Stays Free for You, But Not Entirely for Merchants – Here’s What’s Changing
The government has moved to clear the air around UPI charges, confirming that person-to-person (P2P) payments will remain completely free, regardless of transaction amount. The clarification comes alongside a new merchant discount rate (MDR) framework that will apply only to a small slice of person-to-merchant (P2M) transactions. Under the new rules, a 0.4% MDR kicks … Read more