Impact of MDR’s return; KKR veterans to anchor new fund
Happy Thursday! Competition in the payments space may change with merchant fees on UPI potentially making a comeback. This and more in today’s ETtech Morning Dispatch.
With the potential return of merchant fees on Unified Payments Interface (UPI) transactions, the payments landscape in India may undergo significant changes. Currently, apps like PhonePe and Google Pay dominate around 80% of UPI volumes, but their focus on high-value transactions could shift in the future. Introducing merchant fees could alter competition, pushing platforms to concentrate on monetizing merchant ecosystems rather than just acquiring users.
Written by urgent.news from Economic Times Tech's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
