Government Clarifies Amid Buzz Of UPI Charges: Person To Person Transactions Will Be Free | Breaking
The Ministry of Finance has issued a clarification addressing widespread rumors regarding UPI transaction charges. The government confirmed that person-to-person transactions and everyday consumer payments
The Ministry of Finance has issued a clarification addressing widespread rumors regarding UPI transaction charges. The government confirmed that person-to-person transactions and everyday consumer payments will remain completely free of charge. Any proposed Merchant Discount Rate will apply strictly to a limited category of large merchants, such as e-commerce platforms with an annual turnover exceeding four crore rupees, at a nominal rate lower than debit or credit card charges.
The vast majority of UPI transactions for consumers and small merchants will not face any additional fee. Subscribe to India Today for NEW VIDEOS EVERY DAY and make sure to enable Push Notifications so you'll never miss a new video. All you need to do is PRESS THE BELL ICON next to the Subscribe button!
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