UPI Transactions and Charges: What the Finance Ministry’s Clarification Really Means
Short Summary The Finance Ministry recently clarified rumors about UPI (Unified Payments Interface) transactions being charged. Social media speculation had caused concern, but the Ministry reaffirmed that UPI services remain free for users. However, discussions are ongoing around Merchant Discount Rates (MDR) and funding digital payment infrastructure through alternatives without burdening common users. Introduction: Is…