UPI MDR Charges: Will consumer prices rise at stores if merchants start paying a nominal fee? Govt answers
The central government announced in September that it would end more than six years of zero-fee UPI usage by introducing a 0.4% surcharge on merchant transactions above ₹2,000, capped at ₹300 for payments of ₹75,000 and above.
The decision led to immediate pushback from local business owners, who argued that the extra charge could eat into their margins on products and services.
