PolicyET Techabout 1 hour ago
India considers UPI merchant transaction fees
1 min read
India's payments authority is discussing charges on large UPI transactions following a law change allowing fees on payments over 2,000 rupees. Regulators are leaning towards a 0.4% charge for merchant transactions, while person-to-person payments will remain free. This move is expected to generate significant annual revenue for the payments industry.
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