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UPI Transaction Fees on Large Payments to Be Borne by Merchants, Not Users

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A proposed fee structure for UPI transactions will place the financial burden on merchants rather than customers. The charge is set to be capped at Rs 300, applicable only on transactions of Rs 75,000 and above. Customers making UPI payments will not face any additional charges under this framework. Merchants will also not face any extra GST burden as part of this arrangement, according to sources.

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UPI Transaction Fees on Large Payments to Be Borne by Merchants, Not Users · ShortSingh