Proposed 0.4% UPI Merchant Fee Will Not Be Passed to Consumers, Government Sources Say
Government sources have clarified that the proposed merchant fee on UPI transactions above Rs 2,000 is not intended to be charged to consumers, easing concerns over a possible rise in digital payment costs. The National Payments Corporation of India said only a small portion of UPI transactions may be affected, while the Indian Banks' Association is expected to address market confusion soon.
