TechCrunch·4 min read·medium
India moves to give its instant payments network a business model
J
Jagmeet Singh
✦AI Summary
India is introducing legislation to potentially overhaul the zero-fee structure of its Unified Payments Interface (UPI) network. The move aims to create a sustainable business model by allowing merchants to pay transaction fees, supporting future infrastructure and security investments.
India is taking steps to reshape the business model behind its Unified Payments Interface (UPI), a widely used payments network built by the government, via new legislation that could pave the way for merchants to pay charges on some UPI transactions.
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