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

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.

Hence then, the article about upi still free but there s a catch who ultimately pays could cash make a comeback was published today ( Thursday 17/09/2026 - 12:57 AM ) and is available on The Times of India ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

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