Traders will now encourage cash payments to avoid new UPI transaction fees. A 0.4 percent charge applies to UPI transactions exceeding two thousand rupees. This new fee impacts merchants operating on already tight profit margins. Small merchants earning under one lakh rupees monthly remain exempt from this charge. The government aims to balance digital payment adoption with merchant costs.
Read more at the source
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and credits belong to the original authors and publishers.