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FX live, 150 of 153 currencies refreshed 15 Oct 2026 from open.er-api.com (exchangerate-api.com). The remainder use a seeded reference rate.
PhonePe · launched 2015
India's largest UPI application by transaction volume. Person-to-merchant UPI carries zero merchant discount rate by mandate.
A scheme- or regulator-set rate, or a widely reported figure. Source: RBI zero-MDR mandate for UPI person-to-merchant.
Market
In force since 1 Jan 2019
0% effective
No earlier revision on record
relative · 1 revisions
Online · percentage component
Rates are step functions: each level holds until it is replaced.
Every recorded change, newest first, with the movement from the rate it replaced.
1 Jan 2019 → current
Online pricing across every country where this method is available, with the cost on a ₹100.00 payment for comparison.
| Market | Listed fee | Cost on 100 | Effective | Since | Basis |
|---|---|---|---|---|---|
| India | No fee | ₹0.00 | 0% | 1 Jan 2019 | Reported rate |