Government said- The fee on UPI will be divided into 4 parts: This money will not go to the treasury; Then reiterated that the customer will not pay the charge
0.4% fee i.e. MDR on UPI payments above Rs 2,000 will not be charged from customers. According to government sources, not a single penny of MDR will go to the government treasury. This amount will be distributed among the banks and other institutions associated with the UPI system. The government rejected the allegation of opposition…
