India May Introduce Fee on UPI Transactions Above Rs 2,000 to Merchants

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The Indian government is considering allowing a small charge on UPI payments exceeding Rs 2,000. This proposed fee would apply only to merchant transactions, leaving person-to-person transfers unaffected. Official estimates indicate that just five percent of all UPI transactions would fall under this new rule. Everyday purchases such as groceries and cab rides are expected to remain free of any such charge. Industry experts also anticipate that a cap may be placed on the maximum fee amount chargeable per transaction.

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