NPCI Weighs 0.4% UPI Merchant Fee as Annual Cost Recovery Could Reach ₹15,000 Crore
The National Payments Corporation of India is considering a 0.4% merchant discount rate on certain UPI transactions, a move that could recover roughly ₹13,000-15,000 crore a year while leaving most consumer payments free. NPCI chief executive Dilip Asbe said the proposal would mainly affect large merchants already accepting credit cards, as the payments network seeks fresh revenue to support slowing investment.
