No fee to be charged for UPI transactions, clarifies finance ministry

The finance ministry has said no Merchant Discount Rate (MDR) will be levied on transactions through Unified Payments Interface platforms.

“Speculation and claims that the MDR will be charged on UPI transactions are completely false, baseless and misleading,” the ministry said on X on Wednesday.

“Such baseless and sensation-creating speculation causes needless uncertainty, fear and suspicion among our citizens. The government remains fully committed to promoting digital payments via UPI,” it said.