Tag: ₹29.9 lakh crore UPI transactions
GENERAL UPI To Remain Free For Users; Limited Merchant MDR May Be Introduced

The government on Saturday categorically clarified that UPI users will not face any transaction charges, while the vast majority of merchant transactions will also remain free under any future merchant discount rate (MDR) framework. The clarification comes amid debate over the recent amendment to the Payment and Settlement Systems Act (PSS Act), with the government […]

CW Bureau · Aug 8, 2026