GoKawiilNPCI postpones 0.4% UPI merchant fee until after Diwali
India's National Payments Corporation has delayed its planned October 15 introduction of a 0.4% fee on UPI merchant transactions above ₹2,000, citing the festive shopping season. NPCI did not announce a new date for the rollout. The fee, first announced last month, had drawn opposition from retailers and petrol station operators, some of whom threatened to stop accepting UPI payments.