Government Sets 0.4% Fee on UPI Merchant Payments Above Rs 2,000, Capping Charge at Rs 300

Summary

The Indian government has introduced a 0.4% fee on UPI merchant payments exceeding Rs 2,000, capped at Rs 300 for transactions of Rs 75,000 and above. This move ends the zero-MDR regime for large digital merchant payments, though small merchants and person-to-person transfers remain exempt.