UPI has been free for 10 years: Why is India debating charges now? Digital payment

By Business Standard

Community Score: 50% | 344 views | 2d

0 community ratings: null thumbs up, null thumbs down

India’s UPI network has grown from just 373 transactions in its first month to more than 23 billion transactions in a single month. But as the system scales, a bigger question is emerging: who pays for the infrastructure behind “free” UPI payments? From the role of MDR and government incentives to the debate over potential charges on large-value transactions, here’s why India is rethinking the economics of its most popular digital payment system. Will UPI remain free—or is someone else going to foot the bill? #upicharges #mdr #digitalpayment Important Playlists National News: https://www.youtube.com/playlist?list=PLK5e1a2965YXb9Oh62yur4MRCdRLL6gCt Business News: https://www.youtube.com/playlist?list=PLK5e1a2965YVXM88oXiuA1JMLZtODGP1y World News: https://www.youtube.com/playlist?list=PLK5e1a2965YW0Swy6-R3i50F5FbtDRiEe BS Decoded: https://www.youtube.com/playlist?list=PLK5e1a2965YWYuC7DEL8Lxl-rhiElowEE Want access to Business Standard’s premium insights? Join our exclusive Linke

Tags: Business Standard, BS News, Business News, Financial News, News, Daily News, share market, stock market, share market live, investment, political news, national news, live news

More from Business Standard

  • Explained: Why Indian govt is warning banks about Anthropic’s ‘Mythos’ AI | Claude Mythos — Score: 50%
  • India’s new online gaming rules kick in from May 1: What changes now — Score: 50%
  • Centre proposes E85, E100 in petrol: What it means for consumers and automakers | Ethanol fuel — Score: 50%
  • Emerging markets at record high, but why is India still lagging? | Share market news | Investment — Score: 50%
  • ITR-4 new rules: What changes, how to file ITR-4 form | ITR filing 2026 | Presumptive taxation — Score: 50%
  • EPFO's E-PRAAPTI portal explained: How to find old PF accounts without UAN — Score: 50%