The record
Written from the 1 report below. Nothing here is unsourced.
- The Indian government announced a 0.4% transaction fee on UPI payments above 2,000 rupees made to businesses, starting October 15.
- The fee applies only to business-to-business transactions, not to everyday payments between ordinary people.
- Business owners say the fee will cut into their profits.
What to watch next
- How businesses respond to the 0.4% fee before the October 15 start date
- Whether everyday person-to-person UPI payments remain free
Coverage1
1 report
Indian-language1
All filed from India
Named India · Unified Payments Interface · Government of India
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