UPI’s Zero-MDR (Illusion) Model is Cracking – Who’s Really Paying the Price?

31 Mar 2025, 10:12 AM

While the government insists UPI is free, hidden charges, unsustainable incentives, and industry frustrations tell a different story.

Arti Singh

"Well, until it's actually brought back, I don’t believe in anything. For years, they’ve been giving hope of bringing it back.

The author is Founder and Editor of The Head and Tale. She can be reached at arti.singh@theheadandtale.com
Tweets @artijourno