UPI Charges: No Fees for Users, Govt of India Clarifies
The Government of India has clarified that the UPI users will not be charged transaction fees, while addressing the concerns regarding the recent amendment-related debate around the Payment and Settlement Systems Act (PSS Act). As per the government, all Person-to-Person (P2P) transactions will remain free, while any future Merchant Discount Rate (MDR) would apply only …
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