📱 UPI Payments To Remain Free For Consumers, Small
Published by OOPSONLINE.IN · Source: Free Press Journal · 1 min read · · Updated
What actually happened
The Payments Council of India clarified that UPI transactions will remain free for consumers and small merchants will not be charged MDR for accepting payments. The statement came amid discussions on sustaining India’s expanding digital payments infrastructure. PCI said banks, fintech firms, NPCI and RBI have invested in strengthening UPI through technology, security and operational improvements.
Key points
- The Payments Council of India clarified that UPI transactions will remain free for consumers and small merchants will not be charged MDR for accepting payments.
- The statement came amid discussions on sustaining India’s expanding digital payments infrastructure.
- PCI said banks, fintech firms, NPCI and RBI have invested in strengthening UPI through technology, security and operational improvements.
Summary based on data provided by Free Press Journal. Full article available at the original publisher.
- #technology
- #payments
- #remain