India said Unified Payments Interface (UPI) person-to-person transfers will remain free. UPI merchant transactions above INR2,000 will incur a 0.4% merchant discount rate, capped at INR300 per transaction.

2026-09-15

India said Unified Payments Interface (UPI) person-to-person transfers will remain free. UPI merchant transactions above INR2,000 will incur a 0.4% merchant discount rate, capped at INR300 per transaction.