Tag: payment ecosystem
STARTUP/TECHNOLOGY UPI To Remain Free For P2P Transfers, 96% Of Merchant Transactions: Govt

The new Unified Payments Interface (UPI) framework will have no impact on person-to-person transactions, with all P2P UPI payments continuing to remain completely free irrespective of the amount transferred. The framework will also keep merchant payments up to ₹2,000 free of Merchant Discount Rate (MDR). Transactions covered under the zero-MDR framework for small merchants will […]

CW Bureau · Sep 15, 2026