Merchants Brace for New UPI Fee: What You Should Know

Starting October 15, merchants will face a new 0.4% fee on UPI payments over ₹2,000. This change helps fund the UPI system, which has grown rapidly, processing trillions in transactions. Most small payments stay free, keeping things easy for everyday shoppers. Big merchants will now chip in to keep the digital payment train rolling, ensuring a smooth ride for all!