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UPI discount offer: In a matter of great news for users who use Unified Payment Interface (UPI) the central government of India led by PM Modi can give a discount on payment done from UPI. As per a recent report the Modi government is working on a scheme that will make payment through UPI cheaper than credit cards. Here are all the details you need to know about the recent offer on UPI payment. In order to understand the probable discount on UPI readers must first understand that there is a fee of 2-3% on the payments made through credit cards which is called Merchant Discount Rate (MDR). For an example if the users pay Rs 100 to buy a product or service the shopkeeper gets only Rs 97-98 due to the Merchant Discount Rate (MDR) which is 2-3% on the payments. More notably there is no fee on payment through UPI and as a result the shopkeeper gets the full payment of Rs 100. The Ministry of Consumer Affairs is considering doing something so that customers who make payments through UPI can get direct benefits. For example if something is available for Rs 100 through a credit card then the same thing can be purchased for Rs 98 through UPI. This will further promote UPI and customers will get the benefit of reward for digital payment. However in the recent update it has been reported that the Ministry of Consumer Affairs is considering a new scheme to promote UPI payments. Under the new scheme it is expected that customers who make payments through UPI can get direct benefits. UPI QR codes record fastest growth in digital payments infrastructure In another significant update on UPI UPI QR codes have recorded the fastest growth in digital payments infrastructure in the financial year 2024-25 with a 91.5 per cent jump over the previous financial year to 657.9 million according to the latest RBI data. The surge in UPI QR codes was accompanied by a slowdown in the growth rate of credit card transactions to 7.94 per cent year-on-year while debit card additions registered a mere 2.7 per cent growth to 991 million. (With inputs from agencies)