India Paves Way for Return of Merchant Fees on Digital Payments The Indian government's proposal to reintroduce merchant fees on digital payments through the Unified Payments Interface (UPI) has sent shockwaves across the country's fintech ecosystem.
The move, which is still in its infancy, has sparked debate among industry executives and experts about the implications for India's rapidly growing digital payments market.
On the surface, it seems like a straightforward decision: allow payment firms to earn fees on UPI transactions, just as they do with credit and debit card payments.