#UPIRevolution

Nirmala Sitharaman Quashes UPI Charge Claims, Calls Ramesh’s Allegation a ‘Canard’

by
Nirmala Sitharaman

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

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

by
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