In TrendsSensex TodayRupee vs DollarGold and Silver PricesAsian StocksiPhone 18 ProGFF 2026 | PhonePe, MobiKwik and Razorpay CEOs back UPI fees to fund next growth phasePhonePe, MobiKwik and Razorpay CEOs say a merchant fee on UPI could create a new revenue stream and give companies more reason to invest in payments.By Shereen Bhan September 10, 2026, 10:05:06 PM IST (Published)A merchant fee on UPI transactions could give fintech companies a new way to make money from payments while encouraging them to invest more in the ecosystem, the CEOs of PhonePe, MobiKwik and Razorpay said.Speaking to CNBC-TV18 at the Global Fintech Festival 2026, PhonePe Co-Founder and CEO Sameer Nigam said introducing a merchant discount rate (MDR) would give payment companies a monetisation model directly linked to the transactions they process.“Over the last six years, there's been a bit of distortion in the market where everyone's trying to find alternate ways to monetise the core payments business model,” Nigam said.He said the current model could limit the pace at which UPI expands. The platform has reached around 500 million people so far, leaving at least another 500 million potential users to be brought into the system, he said.The next phase of UPI's…
Original source: https://www.cnbctv18.com/technology/
