No charges on UPI transactions up to ₹2,000; government yet to decide on MDR for higher-value payments
The Indian government mandated that no charges apply to Unified Payments Interface (UPI) transactions up to ₹2,000. This decision aims to promote digital payments and enhance accessibility. The government is still deliberating on the Merchant Discount Rate (MDR) for transactions exceeding this amount, with further announcements expected soon.