UPI Charges To Be 0.4% For Some Payments Above Rs 2,000. Free For Consumers
India's click-and-pay UPI services will attract a fractional charge on transactions above Rs 2,000, the country's payments body has notified. But these charges will be passed to merchants, and the Unified Payments Interface will remain free for consumers, the National Payments Corporation of India has clarified.
The revised UPI Merchant Discount Rate (MDR) framework will be effective from October 15.
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