UPI Merchant Fee Framework Delayed Beyond Diwali as Payment Industry Seeks More Time
India’s proposed merchant discount rate framework for selected UPI transactions has been postponed until after Diwali, according to an Economic Times report published on October 13. The framework had been scheduled to take effect on October 15 and proposed a 0.4% merchant fee on eligible bank-account-funded payments above ₹2,000, capped at ₹300 per transaction. The…