Possible UPI Fees May Come in Future, But Payments Remain Free for Now UPI has transformed the way millions of people across India make payments, transfer money and manage everyday financial transactions. From splitting restaurant bills and sending money to family members to paying local retailers and purchasing products online, UPI has emerged as one … Read more
Finance Minister Clarifies UPI Charges Amid Political Dispute Union Finance Minister Nirmala Sitharaman has rejected claims that ordinary users could soon be charged for making payments through the Unified Payments Interface (UPI), pushing back against Congress leader Jairam Ramesh over the issue. Nirmala Sitharaman clarified that if a Merchant Discount Rate (MDR) is introduced on … Read more
India’s Unified Payments Interface (UPI) has transformed the country’s digital economy by making instant, cashless transactions available to millions of users free of cost. However, a recently introduced amendment to the Payment and Settlement Systems Act, 2007 has triggered widespread debate after raising the possibility that certain UPI Payment transactions—particularly those above ₹2,000—could eventually attract … Read more