PhonePe and Razorpay endorse selective UPI charges for large businesses, emphasizing that the unified payments interface will remain free for individual consumers.
Consumers will not bear any additional costs
Aug 09, 2026
11:48 am
What's the storyLeading Indian fintechs, PhonePe and Razorpay, have supported the industry's push for merchant charges on larger businesses.
The move is aimed at payments made through the Unified Payments Interface (UPI).
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PhonePe cofounder and chief executive, Sameer Nigam, and Razorpay cofounder and chief executive, Harshil Mathur, have argued in…
