India's UPI system ends its free era by introducing a fee on large merchant payments. This was reported by Qazaqyia.kz citing Reuters.
According to Reuters, this change marks a significant step in India's digital payment system. UPI was previously known for its free service.
Under the new rules, a fee will be charged on large merchant payments. This decision ends the free era of the UPI system.
According to the information, the change applies only to large merchant payments. No additional details on the full rules or their implementation timeline are provided.