UPI still free, but there's a catch: Who ultimately pays &amp; could cash make a comeback?

Recent updates to UPI regulations have introduced a Merchant Discount Rate for certain transactions. While consumers will not incur any fees for their UPI payments, merchants will face a 0.4% charge on transactions above two thousand rupees. However, person-to-person UPI transfers and payments from small merchants continue to be free. This initiative is designed to foster sustainability and innovation in the digital payment ecosystem.

This story was originally reported by Times of India — Top Stories. As an automated real-time news aggregator, NewsToolBar provides multi-perspective indexing and AI summarization while directing full readership directly to primary publisher sources.

UPI still free, but there's a catch: Who ultimately pays &amp; could cash make a comeback?

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UPI still free, but there's a catch: Who ultimately pays &amp;amp; could cash make a comeback?

ALSO REPORTED BY OTHER SOURCES (1)

Russia says there is still time to stop an arms race in space after US orbital weapons admission

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UPI still free, but there's a catch: Who ultimately pays & could cash make a comeback?