Payments & Fintech #digital-payments#consumer-fees
No Charge on UPI for Consumers, Payments Council Clarifies in New FAQs
The Payments Council of India released FAQs reiterating Finance Minister Nirmala Sitharaman's stance that consumers will not pay for UPI. The clarification follows the government's lifting of the legal restriction on merchant discount rates. Small merchants also remain exempt from MDR, while larger merchants face commercial service-charge arrangements.
Aug 8, 2026 1 source