New Delhi: With the central government introducing a 0.4 per cent fee on UPI transactions above Rs 2,000, traders' associations said they would now push for cash payments to avoid additional costs on digital payments.
The government on Tuesday introduced the charge as part of a framework for large digital merchant payments, ending the zero-Merchant Discount Rate (MDR) regime that has been in place since January 2020. The charge has been capped at Rs 300 for payments of Rs 75,000 and above.
