India Ends Free Ride for Larger Transactions on UPI, Imposes 0.4% Merchant Fee

15 September 2026 at 11:42 pmHyperFast News

#India #UPI #digital payments #merchant fee #transactions

Summary

India will introduce a 0.4% merchant fee on certain UPI payments starting October 15, ending the free ride for larger transactions on its digital payments network.

India Ends Free Ride for Larger Transactions on UPI, Imposes 0.4% Merchant Fee

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