UPI

Is UPI going to be a subscription?

Most personal payments via UPI remain free, including bank-to-bank and peer-to-merchant transfers. UPI is not becoming a subscription service for individual users. However, transactions above ₹2,000 made through Prepaid Payment Instruments (PPIs) to merchants will incur a 0.5%–1.1% interchange fee, which is paid by the merchant, not the customer.

Related Questions