Veytics Intelligence
2026-09-17 · CNBC

Inside India newsletter: The world’s largest real-time payments system will no longer be free for all

Welcome to the latest edition of " Inside India " — your one-stop destination for stories and developments from the world's fastest-growing large economy. The world's largest payments system by volumes, India's unified payment interface, popularized cashless transactions in the country by offering free services for all. That's about to change. Starting next month, merchants will need to pay a fee of 0.4% for accepting payments higher than $20. While the government has defended the move, confident it will not hurt India's march towards a cashless economy, critics disagree. Any thoughts on today's newsletter? Share them with the team.

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