UPI Merchant Fee Rollout May Be Deferred to January 1
· Business · Business Standard
The planned rollout of the UPI merchant discount rate may be deferred beyond the festive season to January 1, according to recent reports. The potential delay comes as a relief for merchants who rely on Unified Payments Interface transactions during the high-volume festival period. Industry stakeholders have been closely watching for official policy clarity on transaction fees for digital payments. Shares of related financial companies saw a downturn following the reports of a potential postponement. Further details regarding the official implementation timeline have not yet been finalized by authorities.
Why it matters
Millions of small merchants and digital payment service providers across India avoid immediate transaction fee burdens during the peak festival shopping season.
Read the original report — Business Standard
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