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India will introduce a roughly 0.25-0.3% UPI merchant fee on payments above ₹2,000 within the next 12 months, while keeping person-to-person transfers and small purchases free.

Made
7 Aug 2026
By
David Lee
Market
India
Outcome
Unresolved

Parliament has authorised UPI charges for the first time since 2016, making a targeted levy on higher-value retail payments the likeliest way to monetise the network without provoking backlash from small merchants and consumers.

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