Will UPI transactions over ₹2,000 soon attract merchant fee?
The government has introduced a bill to amend the Payment and Settlement Systems Act, 2007, to pave the way for a fee structure on high-value commercial transactions.
Unified Payments Interface (UPI) payments above ₹2,000 may soon attract a merchant fee as the government has introduced a new bill in the parliament to amend the the Payment and Settlement Systems Act, 2007, according to multiple news reports.