UPI Introduces New Merchant Fees | Global News

India’s UPI payment system is rolling out a new 0.4% fee on transactions over ₹2,000 to businesses—starting October 15—with the government assuring it’s not a tax but a sustainable funding model. Businesses, not customers, will pay, and most everyday transactions remain free—including P2P transfers, small merchant payments, and rural QR codes. The fee caps at ₹300 for large transactions (₹75K+) and applies flatly at ₹5 for specific services like railways or insurance. While critics worry it could push merchants back to cash, supporters see it as essential for long-term innovation and infrastructure.

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This is an automated, high-level news summary based on public reporting.
Sources:
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