importantSYS.SOURCE: TechCrunch• 2026-08-04T13:31:17Z

India Introduces Legislation to Transition Unified Payments Interface (UPI) to a Sustainable Business Model

#fintech #policy #payments #india #upi

India's new legislation aims to transition the Unified Payments Interface (UPI) from a zero-merchant-discount-rate model to a sustainable business framework, allowing merchants to pay fees on certain transactions. The move could generate significant revenue for stakeholders while maintaining consumer-friendly policies.

The legislation lays the groundwork for a potential overhaul of India's zero-merchant-discount-rate regime, under which businesses have not paid fees to accept UPI payments since 2020.

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