India ends free ride for larger transactions on its ubiquitous digital payments network
India has finally put a price on larger transactions on its ubiquitous digital payments network, ending years of free processing for merchants as authorities seek to make a system used for billions of payments each month financially self-sustaining. The country’s Unified Payments Interface (UPI) will impose a 0.4% merchant fee on certain payments above ₹2,000 … Read more