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India Paves the Way For Charging Merchants a Fee On UPI Transactions
TL;DRIndia may start charging merchants fees on UPI digital payments, breaking the free-transaction model.
Why it matters: Fee introduction could reshape India's fintech ecosystem and affect adoption rates for digital payments.
An anonymous reader quotes a report from the BBC: For most Indians, paying by Unified Payments Interface (UPI) has become almost absurdly routine. Scan a QR code, tap a few buttons and the money moves instantly. There is no card machine, no cash, and -- most importantly -- for…
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