India postpones UPI payment fee rollout to after Diwali festival
13/10/2026 08:58
India postpones UPI payment fee rollout to after Diwali festival MUMBAI, Oct 13 (Reuters) - India has postponed the rollout of a fee on large payments via its popular Unified Payments Interface platform until after Diwali, the National Payments Corporation of India said on Tuesday, adding that the date of implementation will be notified separately.
The 0.4% charge for merchants on transactions exceeding 2,000 rupees ($21) was scheduled to take effect on October 15.
($1 = 95.2200 Indian rupees)
(Reporting by Ashwin Manikandan and Kashish Tandon; Editing by Sonia Cheema)
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