Businessby Jagmeet Singh
India Delays Digital Payments Fee Rollout Amid Retailer Pushback
Key Takeaways
- NPCI postponed the 0.4% UPI merchant fee rollout.
- Delay attributed to retailer pushback and the festive shopping season.
- New implementation date will follow the Diwali festival.
- Transactions under ₹2,000 and small merchants remain exempt.
India's NPCI has delayed the planned October 15 rollout of a 0.4% fee on merchant transactions exceeding ₹2,000. The postponement follows strong opposition from retailers and petrol pump operators. The fee rollout will now occur after Diwali, though a specific date has not been set.
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