UPI Framework Explained: P2P Payments, MDR Rules and Transaction Limits
New Delhi, Sept 16: The new UPI framework keeps person-to-person (P2P) transactions completely free, while specified merchant payments above Rs 2,000 may attract a nominal merchant discount rate (MDR), the Finance Ministry said. Individuals will continue to make P2P UPI payments free of charge, irrespective of the amount transferred and without any monthly usage cap. […]
16 Sep 07:29 · Northlines