EconomicIndia·Unpinned15 Oct 2026
Indian retailers assess impact of potential UPI transaction fees
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The National Payments Corporation of India (NPCI) postponed a 0.4 percent transaction fee for merchants on UPI payments exceeding 2,000 rupees (US$21) until after the Deepavali holiday on November 8. The fee, which marks the end of six years of zero-cost transactions, was intended to cover infrastructure costs including cybersecurity, fraud monitoring, and…
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