Free UPI Transactions May End Soon – MDR Charges Likely Making a Comeback
India’s digital payment landscape, which witnessed exponential growth through UPI (Unified Payments Interface), may be on the verge of a policy shift. As of May 2025, government discussions and industry signals indicate a possible reintroduction of Merchant Discount Rate (MDR) fees on UPI transactions — a move that could impact both consumers and businesses significantly. … Read more