What the government said about UPI chargesThe Finance Ministry said Person-to-Person (P2P) UPI transactions will continue to carry no charges. It also said that most merchant payments will remain free. P2P transactions free: All Person-to-Person transactions will continue to be free of charge. AdvertisementThe government, however, has maintained that its immediate position is clear: UPI will remain free for citizens, while most merchant transactions will also remain free. P2P payments will remain completely free, while most merchant payments are also expected to stay free.