#RuPay

UPI Payment Above ₹2,000 May Attract Charges? New Bill Sparks MDR Debate, RBI Responds

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UPI

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

UPI Alert! New Bill May End Zero-MDR Rule: Here’s Who Could Be Affected

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UPI

India’s Unified Payments Interface (UPI) has transformed the way millions of people pay for goods and services, making digital transactions quick, secure, and free for users. However, a newly proposed amendment introduced by the Central Government has sparked widespread discussion over whether UPI payments could become chargeable in the future. The concern arose after Finance … Read more