TechTechCrunchabout 2 hours ago
India moves to give UPI a business model
1 min read
India's new legislation could let merchants pay charges on some UPI transactions, ending the zero-merchant-discount-rate regime since 2020. UPI processed 23.66 billion transactions worth ₹29.88 trillion in July. Jefferies estimates merchant fees could generate ₹50-100 billion annually by fiscal 2028.
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