Govt says no UPI charges up to ₹2,000, Congress scoffs: Inside the digital wallet row
The Centre on Tuesday announced a merchant discount rate (MDR) for UPI transactions, fixing a rate of 0.4 percent for transactions above ₹2,000 while exempting person-to-person payments.
The government said there was no impact on small-value UPI transactions up to ₹ 2,000, which comprise more than 95% of the total volume of UPI (P2M) transactions. It said UPI services will continue without any cost to consumers.
