India delays digital payments fee rollout amid retailer pushback
The NPCI, which operates the UPI network, said it was postponing the planned October 15 rollout of the 0.4% fee due to the festive shopping season.
Via TechCrunch
Following broad pushback from merchants across the country, India has delayed plans to introduce merchant fees on its digital payments network that aimed to make the business more lucrative for the companies that facilitate the payments service, long dominated by Google and PhonePe.
The National Payments Corporation of India (NPCI), which operates the country’s Unified Payments Interface (UPI), said on Tuesday it was postponing the planned October 15 rollout of a 0.4% fee on eligible merchant transactions exceeding ₹2,000 (about…
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