Fintech
India Introduces 0.4% UPI Merchant Fee on Payments Above ₹2,000
India will introduce a 0.4% merchant fee on select UPI payments over ₹2,000 starting October 15, while consumers and most smaller transactions will remain free.
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India will introduce a 0.4% merchant fee on select UPI payments over ₹2,000 starting October 15, while consumers and most smaller transactions will remain free.
India has introduced legislation that could allow merchant charges on some UPI transactions, creating a potential new revenue model for the country’s digital payments network.
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