India reforms instant payments network business model
India is implementing legislation to establish a sustainable business model for its UPI instant payments network, which has operated under a zero-merchant-discount-rate policy since 2020. This move could fundamentally reshape how businesses are charged for accepting digital payments, potentially ending the current fee-free regime. The legislative framework aims to create a more financially viable structure for India's popular payment system.
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India moves to give its instant payments network a business model
India is implementing legislation to establish a sustainable business model for its UPI instant payments network, which has operated under a zero-merchant-discount-rate policy since 2020. This move could fundamentally reshape how businesses are charged for accepting digital payments, potentially ending the current fee-free regime. The legislative framework aims to create a more financially viable structure for India's popular payment system.
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