UPI’s next big test is making the merchant fee worth payingUPI’s new merchant fee can be justified only if businesses can measure the better reliability, security and efficiency it is supposed to fund.By Ashish Chandra September 20, 2026, 12:27:05 AM IST (Published)India’s payment infrastructure needs sustainable funding. But a merchant fee is legitimate only when merchants can verify the value it funds.Continue Reading with CNBC-TV18 Access MembershipPriority Access and Networking: CNBC-TV18's flagship events Interaction with CNBC-TV18's journalists Webinars & LIVE Q&As with India Inc. Leaders Exclusive CNBC-TV18 studio & newsroom tours Premium business insights, expert opinions & analysis Curated lifestyle privileges & offersHomeTechnology NewsUPI’s next big test is making the merchant fee worth paying
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