India's payments authority is consulting with banks and payment firms to discuss the introduction of fees for large transactions using the Unified Payments Interface (UPI), following recent legislative changes.
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Key takeaway
India's payments authority is consulting on introducing fees for large UPI transactions.
- Step 1 · The triggerNPCI, in consultation with banks and payment firms, moves to introduce fees on large-value UPI transactions, creating a monetisation layer on a previously free rail
- Step 2 · Knock-onbanks and payment firms gain a new revenue stream from large UPI transactions, while merchants and SMEs face higher acceptance costs for high-value digital payments
- Step 3 · Reaches yousome merchants and SMEs may shift large-value transactions to alternative payment rails (cards, NEFT/RTGS, or cash) to manage costs, impacting UPI volume mix and payment provider margins
The trigger is reported by the source below. The steps that follow are Branch²’s traced reasoning — how the shock could reach a business like yours, not a prediction.
Source: The Hindu BusinessLine
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