Summary
- The Unified Payments Interface (UPI) has transformed India's digital economy by enabling instant payments without visible transaction fees.
- This "free" payment system has benefited everyone from small vendors to large retailers, fostering widespread adoption.
- The article explores the implications of UPI's Zero-MDR model and its potential for change in the payment landscape.
- As UPI continues to evolve, questions arise about the sustainability and future of this model in the market.
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