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The Indian government is considering imposing fees on UPI transactions to address the sustainability of its revenue model.
Since 2020, India's Unified Payments Interface (UPI) transactions have been exempt from Merchant Discount Rate (MDR), squeezing revenue for banks and payment companies. The Indian government is considering allowing a fee to be charged for transactions routed through UPI to build a sustainable business model.
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Source：华尔街见闻 · Source Link
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