India Weighs Delaying UPI Payment Fee Rollout
India is considering delaying a newly announced 0.4 percent fee on large UPI merchant payments by a few months. The proposed postponement would help firms upgrade systems and avoid disrupting the peak festive shopping season.
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India is considering delaying a 0.4% merchant fee on large Unified Payments Interface transactions by a few months. The potential postponement follows retailer opposition after regulators ended six years of zero-cost payments for transactions exceeding 2,000 rupees ($21). The delay would allow payments firms to upgrade systems ahead of the busy retail period.
