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    HomeTechnologyPayment fintechs are getting squeezed as banks add charges for UPI merchant transactions

    Payment fintechs are getting squeezed as banks add charges for UPI merchant transactions

    The bank charges are limited to those accounts where the PAs use the banks for merchant acquisition. Since the fees is 0.02%, PAs are likely to absorb the cost and are not expected to pass these to merchants immediately

    Anand J
    Bhavya Dilipkumar
    July 31, 2025 / 13:55 IST
    Banks impose charges for merchant UPI transactions
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