Free UPI Transactions End – MDR Charges Likely to Return
Unified Payments Interface (UPI) has been the cornerstone of India’s digital payments ecosystem, enabling millions to perform instant, secure, and cost-free money transfers. However, this fee-free structure may soon change. As of May 2025, the Payments Council of India (PCI) has formally proposed reinstating the Merchant Discount Rate (MDR) on UPI and RuPay transactions. This … Read more