LIVE WIRE
Beatpost
THE TLDR EDITION
NATIONALReuters US·4h ago

India's UPI fee shake-up: What changes and why it matters - Reuters

NATIONALBEATPOST
AI TLDR · GEMINI

India is implementing a new fee structure for its Unified Payments Interface (UPI) to address the operational costs of the digital payment ecosystem. The adjustments primarily focus on interchange fees for merchant transactions conducted through digital wallets and prepaid instruments rather than direct bank-to-bank transfers. These changes aim to ensure the financial sustainability of payment service providers while keeping standard consumer transactions free of charge.

India's UPI fee shake-up: What changes and why it matters  Reuters

SHARE THIS STORY

READ NEXT

More on the wire

politics23m ago

A major abortion rights group is expanding its outreach efforts in key battleground House districts ahead of November's midterm elections. Reproductive Freedom for All (RFFA) said it is investing about $1 million into a direct voter contact campaign across three priority districts in Arizona, Michigan and Nevada. According to details shared first with The Hill,...

The Hill
politics24m ago

Sounds to me like using federal tax dollars to buy votes.

The Hill
sports33m ago

The SportsLine projection model has revealed its Detroit vs. Buffalo picks for NFL Week 2 on Thursday, Sept. 17 as Highmark Stadium hosts its first regular-season game

CBS Sports

INSTALL THE APP

Install Beatpost

One tap to keep your city's wire on your home screen — no store, no login.