A committee is set to finalize a framework for fees on digital payments. This framework affects the amount merchants pay for processing transactions. The fee is typically paid to banks and other participants in the payment ecosystem.
Transactions below a certain amount will not incur fees. The threshold for fee-free transactions is set at ₹2,000.
Further details on the fee structure are expected soon, following a meeting of the committee responsible for digital payments. The meeting is a follow-up to a recent notification that introduced provisions related to these fees.
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