UPI fee should vary by merchant size and sector: PayU India CEO - The Economic Times

PayU India CEO Anirban Mukherjee said the fee should not depend on whether a payment is made online or at a store. Reaching physical merchants involves distribution costs, while online companies spend more on verifying merchants and managing risk. He said these costs broadly balance out. “I would rather use industry and merchant size than online versus offline,” he said.

Raccontata daeconomictimes.indiatimes.com