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Searched Tag: merchant discount rate
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UPI transactions above ₹2,000 may face merchant fee

August 5, 2026, 06:41 PM - 2 min read

Industry executives have argued that payment companies earn no revenue from UPI transactions, making it difficult to sustain investments in digital payments infrastructure

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No GST on UPI transactions over ₹2,000: Centre

April 18, 2025, 08:12 PM - 3 min read

The Finance Ministry has dismissed claims that GST would be imposed on UPI transactions over ₹2,000, calling them baseless. It reaffirmed that there is no such proposal and reiterated its commitment to encouraging low-cost, cashless transactions through digital platforms like UPI.

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