Economy · 21 days ago
India to charge fee for instant UPI payments
🇮🇳 INDIA — India plans to introduce a new fee structure for users of its Unified Payments Interface (UPI). This controversial move aims to generate revenue from the increasingly popular digital payment system. Stakeholders debate the implications for consumers and small businesses that rely on UPI for daily transactions.
First reported by aljazeera.com · developing for 21 days · aljazeera.com
Why it matters
The fee could impact millions of users and the trajectory of digital payments in India.
Context
The UPI has seen explosive growth in India, revolutionizing payments.