UPI Changes: P2P Payments Stay Free, Most Merchant Transactions Unaffected

New Delhi: Users will not have to pay more to send money through UPI under the new framework, with all person-to-person transactions remaining free regardless of the amount. The majority of payments made to merchants will also continue without MDR. Around 96% of person-to-merchant (P2M) transactions are expected to remain unaffected, as MDR will apply…

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India Launches UPI and RuPay Card Services in Sri Lanka and Mauritius

New Delhi:  In a landmark move to strengthen digital connectivity and foster seamless financial transactions, Prime Minister Shri Narendra Modi, along with Sri Lankan President Mr. Ranil Wickremesinghe and Mauritian Prime Minister Mr. Pravind Jugnauth, will witness the launch of Unified Payment Interface (UPI) services in Sri Lanka and Mauritius, as well as RuPay card services in Mauritius.

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