Supreme Court declines stay on UPI fee above ₹2,000
💳 India's free-UPI era is about to hit a ₹2,000 velvet rope. The Supreme Court declined to stay the 0.4% Merchant Discount Rate on UPI person-to-merchant transactions above ₹2,000, effective October 15 — telling the Centre, RBI, and NPCI to respond within four weeks.