October 13, 2026
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India Delays UPI Payment Fee Rollout Until After Diwali

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India has postponed the introduction of a fee on large transactions made through the Unified Payments Interface (UPI) until after the Diwali festival, the National Payments Corporation of India (NPCI) announced on Tuesday. The proposed 0.4% charge on merchant transactions exceeding ₹2,000 was originally scheduled to take effect on October 15. NPCI said the delay […]Continue Reading
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PhonePe Plans 20,000 New Hires to Expand Rural Merchant Network

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Digital payments platform PhonePe said it plans to hire 20,000 additional on-roll sales employees over the next year as it expands its merchant network across smaller towns and villages in India. The Walmart-backed company aims to strengthen digital payment access in underserved rural areas. PhonePe also plans to deploy more than 5 million devices, including […]Continue Reading
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UPI Fee Shift Set to Strengthen PhonePe, Google Pay Dominance

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India’s decision to introduce a merchant fee on certain UPI transactions could significantly boost revenue for major payment apps such as Walmart-backed PhonePe and Google Pay. Starting October 15, a 0.4% merchant discount rate will apply to UPI transactions above ₹2,000. Bernstein estimates the move could generate up to $1.1 billion in annual revenue for […]Continue Reading
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India’s UPI to Introduce Fees on Large Merchant Payments

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India’s Unified Payments Interface (UPI) will end its more than six-year zero-fee era for certain large merchant transactions from October 15, 2026. Under new rules announced by the National Payments Corporation of India (NPCI), a 0.4% Merchant Discount Rate (MDR) will apply to merchant transactions above ₹2,000. The charge cannot be passed on to consumers. […]Continue Reading
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India Consults Banks on Possible Fees for Large UPI Payments

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India’s payments authorities are consulting banks and payment companies over plans to introduce charges on large transactions through the Unified Payments Interface (UPI), according to sources familiar with the discussions. The consultations follow a change in Indian payments legislation that allows fees to be charged on UPI transactions above ₹2,000. UPI payments have so Continue Reading
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India’s Modi Seeks Wider Global Reach for UPI Payment System

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India is looking to expand the global reach of its homegrown digital payment platform, Unified Payments Interface (UPI), with Prime Minister Narendra Modi calling for integration with payment systems in more countries. UPI, operated by the National Payments Corporation of India, is the world’s largest retail fast-payment system by transaction volume. UPI is currently Continue Reading
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Biometric UPI Payments Gain Traction, Enable PIN-Free Transactions up to ₹5,000

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Biometric authentication is emerging as a new layer in India’s UPI ecosystem, allowing users to approve payments using fingerprint or facial recognition instead of entering a PIN for small transactions. The feature, capped at ₹5,000 as per regulations, aims to make digital payments faster, more seamless, and secure while retaining PIN-based authentication for higher-value Continue Reading

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