UPI Fee Hike Explained: Will Consumers Pay Charges Above ₹2,000?

UPI payments have been free for users so far, but that could change as the cost of running the UPI ecosystem comes under focus. If Merchant Discount Rate (MDR) is introduced, merchants or consumers could eventually end up paying for UPI transactions. What does this mean for your everyday UPI payments, and why is MDR being discussed now? Here’s what consumers need to know about the possible changes and their impact on India’s digital payments ecosystem.