The union finance ministry today said UPI will remain free for person-to-person transactions. The ministry also said the MDR charges will be applicable only on high value merchant transactions.Charges will apply only to person-to-merchant (P2M) transactions exceeding ₹2,000. The clarification came from the ministry post the announcement of the fee structure on UPI issued by the NPCI. Referring to the NPCI circular issued today, the ministry said that for person-to-person (P2P) transactions, there will be no charges.What will be the charge on high value deals, essential services?
