The UPI Fee Frenzy: A Misstep in India's Digital Payment Revolution?
The Indian government's plan to allow fees on Unified Payments Interface (UPI) transactions above Rs 2,000 has sent shockwaves through the digital payment ecosystem. The proposed merchant discount rate of 0. 25% to 0.
4% may seem like a small price for businesses, but it could have significant implications for India's cashless revolution. Behind this move lies a complex tale of economics and policy.