India delays implementing transaction fees for UPI digital payments
03:55 Min
India has delayed a planned rollout of transaction fees on its hugely popular UPI digital payments system after facing pushback from businesses. The Merchant Discount Rate was initially supposed to take effect on Thursday (15 Oct) during the busy shopping season leading to Deepavali in November. Rebecca Bundhun reports from Mumbai.
14 Oct 2026 09:34pm
India has delayed a planned rollout of transaction fees on its hugely popular UPI digital payments system after facing pushback from businesses. The Merchant Discount Rate was initially supposed to take effect on Thursday (15 Oct) during the busy shopping season leading to Deepavali in November. Rebecca Bundhun reports from Mumbai.
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