{
  "id": 12799233,
  "title": "India considers delaying rollout of UPI payments fee, sources say",
  "url": "https://urgent.news/2026/10/08/india-considers-delaying-rollout-of-upi-payments-fee-sources-say",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-08T05:37:33.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40443241/india-considers-delaying-rollout-of-upi-payments-fee-sources-say"
  },
  "original_language": "en",
  "account": "India is contemplating delaying the introduction of a fee for large payments through its widely-used Unified Payment Interface (UPI) system, according to sources familiar with the matter. The regulatory official and industry executive revealed the potential postponement of the fee, which was set to begin on October 15. Presently, merchants are charged a 0.4% fee on transactions exceeding 2,000 rupees ($21). UPI, utilized by over 500 million individuals for a range of transactions, from local snacks to high-end electronics, would have coincided with India's festive season, typically characterized by heightened consumer spending between October and December. The sources stated that the delay would prevent any disruptions to retail payments during this crucial period and provide the payments sector with ample time to adapt to the change. However, no response has been received from the National Payment Corporation of India. Indian shares initially experienced a subdued trading session, with digital payments companies witnessing a drop in their stock prices. Paytm saw a decline of 7.6%, while One Mobikwik Systems experienced a 7.2% drop.",
  "summary": "India is considering delaying the rollout of a fee on large payments via its popular Unified Payment Interface platform by a few months, according to a regulatory official and an industry executive familiar with the discussions. India last month ended a free UPI regime by permitting a 0.4% fee for merchants on transactions exceeding 2,000 rupees ($21). UPI is used by over 500 million people to…",
  "key_points": [
    "India may delay UPI fee rollout until October 15",
    "0.4% fee on transactions over 2,000 rupees",
    "Delay to avoid disruptions during festive season"
  ],
  "editors_take": "A potential delay in introducing a fee for large UPI payments would spare digital payments companies from immediate financial disruption and allow the sector time to adjust to the change.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}