New DelhiUnified Payments Interface fees start above Rs 2,000.
Small merchants above that line may face a fee they cannot legally pass to customers.
A notification exempting payments under Rs 2,000 is the first rule to acknowledge fees exist, opening room for a merchant charge above it.
India’s payments committee has yet to set the rate above the threshold.
How each outlet framed it
drawn from 100+ reports worldwide
- The Indian Express
- Rediff.com India Ltd. leans critical
- emphasizes Rahul Gandhi's allegations Modi capitulating to American pressure and enabling UPI fees to benefit foreign companies
- MoneyControl
- clarifies merchant-only MDR charges exempt consumers, notes government hasn't formally set rates despite political controversy
Sources: The Indian Express, Rediff.com India Ltd., MoneyControl