India has stated that Unified Payments Interface (UPI) peer-to-peer transactions will remain free. UPI merchant transactions exceeding INR 2,000 will be subject to a 0.4% merchant discount rate. The UPI merchant discount rate is capped at INR 300 per

2026-09-15

India has stated that Unified Payments Interface (UPI) peer-to-peer transactions will remain free. UPI merchant transactions exceeding INR 2,000 will be subject to a 0.4% merchant discount rate. The UPI merchant discount rate is capped at INR 300 per transaction.