India’s UPI Ends Free Services for All Users
India’s Unified Payments Interface (UPI), the world’s largest real-time retail payments system by volume, is set to introduce a 0.4% merchant fee for transactions exceeding 2,000 rupees ($20.84), according to an announcement by the National Payments Corporation of India (NPCI). While person-to-person transfers will remain free at the point of use, the upcoming change alters … Read more
