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2026-09-17 07:56:08
[India Plans to Charge Fees for Large Merchant Payments via UPI, Ending the Era of Zero-Cost Payments] (1) The world's largest retail fast payment system is undergoing a major transformation. (2) According to a report by New Delhi Television on the 15th, India plans to charge fees for transactions exceeding 2,000 Indian rupees (approximately 7 yuan RMB) made to merchants through the Unified Payments Interface (UPI), ending the era of zero-cost payments that has lasted for many years. (3) UPI is one of the key projects in India's digital public infrastructure sector. Since its launch in 2016, it has seen significant growth, with annual transaction volume exceeding 240 billion transactions.
