UPI merchant fee rollout postponed until after Diwali
In short
A 0.4% fee on merchants for UPI payments above ₹2,000 was due to start on October 15. It has now been pushed back until after Diwali, but no new date was given.
This matters because merchants will not face the charge during the festive period. The exact start date is still not known.
What the reporting says
A 0.4% charge for merchants on UPI transactions above ₹2,000 was scheduled to take effect on October 15, according to the summary. The rollout has since been postponed until after Diwali, but the updated date was not stated. The immediate consequence is a delay for merchants, while the final implementation timing remains unknown.
Why it matters
The reported 0.4% charge for merchants on UPI transactions above ₹2,000 was scheduled to begin on October 15, then postponed until after Diwali. The source summary does not give a new date. This affects merchants using UPI and delays the fee rollout, but the final timetable remains unclear.