The Hindu National · DistrictNews · 2026-08-18
UPI stays free for users, vast majority of transactions to remain free for merchants as well, says government
The government said any future merchant discount rate (MDR), if introduced, would apply only to a limited set of merchant transactions above a specified threshold and at a nominal rate, which would be lower than typical debit and credit card MDRs The government confirms UPI transactions will remain free for users and most merchants, addressing concerns over potential fees. UPI stays free for users, vast majority of transactions to remain free for merchants as well, says government
Read original on The Hindu National Get the app
Licensed summary · LicensedSummary
Related briefs
- Tittakudi’s Wellington reservoir rehabilitation work gathers pace
- Nothing Phone 3 is available at a lower price
- Imran Khan hospital order tops South Asia's day of sharp policy turns
- BRS demands resignation of Telangana Revenue Minister over section 22A prohibited lands issue
- Vijay Wants To Shift His Office. BJP Alleges Corruption In Tender Process