Deccan Herald · 16 Sept, 9:55

Economy, business and finance

Explained | New UPI charges to roll out from October 15: Here's what it means for your pocket

From October 15, merchants face a 0.4% UPI fee on transactions above Rs 2,000, capped at Rs 300. Consumers remain unaffected, but exemptions apply for P2P transfers and small vendors. Here’s how the new MDR framework impacts payments.

The objective is to support and fund UPI's own infrastructure rather than depend entirely on government support.