NPCI postpones UPI merchant transaction fee plan
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AI-assisted source synthesis · not an independent investigation.
NPCI had originally planned to charge a 0.4% fee on eligible merchant transactions exceeding ₹2,000 starting October 15, 2026. Some retailers and gas station operators opposed the plan, saying they might stop accepting UPI payments once the fee took effect. On October 13, 2026, TechCrunch reported that NPCI had postponed the fee plan until after Diwali; a new implementation date has not yet been announced.
AI-written from reports · updated 6 days ago
Timeline
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- TechCrunch — FintechNPCI postpones UPI merchant transaction fee plan until after Diwali
NPCI has postponed the UPI merchant transaction fee plan originally scheduled to take effect on October 15 until after Diwali; a new date has not yet been announced. The plan would charge a 0.4% fee on eligible merchant transactions above ₹2,000. Some retailers and petrol station operators had expressed opposition, saying they might stop accepting UPI payments once the fee takes effect.
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