NPCI Delays 0.4% UPI Merchant Fee Until After Diwali

The National Payments Corporation of India (NPCI) has postponed a planned 0.4% fee on eligible Unified Payments Interface (UPI) transactions above ₹2,000 until after Diwali, delaying a major change to India’s digital-payments system. The rollout had been scheduled for Oct. 15. NPCI has not set a new date. The fee would apply to larger merchant payments made through UPI, while transactions of ₹2,000 or less would remain exempt. Merchants receiving less than ₹100,000 per month through UPI would also be excluded, and the charge would be capped at ₹300 for larger transactions. Retailers and petrol pump operators opposed the plan.

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