Important StoriesUPI payment fee roll-out postponed until after DiwaliIndia offers itself as a trusted partner to the world as global challenges have grown: ModiTata Chair defends nation-building bets over short-term returnsIMF raises India’s FY27 growth forecast to 7% on strong domestic demandAI boost bolstered growth in global trade, benefiting China and India: IMFFollow UsFOLLOW US ON WHATSAPPHomeGO BACK TO HOME THIS AD SUPPORTS OUR JOURNALISM. SUBSCRIBE FOR MINIMAL ADS. THIS AD SUPPORTS OUR JOURNALISM. SUBSCRIBE FOR MINIMAL ADS. UPI payment fee roll-out postponed until after Diwali The 0.4% charge for ‌merchants on transactions exceeding ₹2,000 was scheduled ‌to take effect ​on October 15 By Reuters Updated - October 13, 2026 at 01:56 PM. | MUMBAI, Oct 13 ×ShareWhatsAppXFacebookLinkedInMessengerRedditMailhttps://www.thehindubusinessline.com/money-and-banking/upi-payment-fee-roll-out-postponed-until-after-diwali/article71578482.eceCopy The new date ‌of implementation ​will be notified ⁠separately, NPCI said

The rollout of ​a ⁠fee on large payments via ‌the UnifiedPayments ‌Interface ‌platform has been postponed ⁠until after ⁠Diwali, the National Payments Corporation of ​India ‌said on Tuesday, adding that the date ‌of implementation ​will be notified ⁠separately.

The 0.4% charge for ‌merchants on transactions exceeding 2,000 rupees ($21) was scheduled ‌to take effect ​on October 15.

The deferral ‌is “keeping in mind the festive season”, ‌and the ⁠fee will be implemented immediately ⁠after the festival on a date that will be notified separately, NPCI said in a statement.

Diwali, which ​will be celebrated ‌across India on November 8, typically marks the peak of consumer spending in Asia’s third-largest economy, with shoppers splurging on cars, ‌clothes and home appliances.

The proposed fee, which ​would end more than six years of zero-cost UPI payments in India, ⁠had drawn opposition from retailers and a large broker.

UPI is used by over 500 ‌million people to buy everything from cups of tea to iPhones. Walmart’s PhonePe and Alphabet’s Google Pay had about 80% market share by value of UPI transactions in August.

The fee would have coincided with ‌the annual festive season that runs from October through ​December and typically sees a surge in consumer spending.

The delay in implementation ⁠would likely allow payments firms to upgrade systems and ⁠not pass on costs to customers, while addressing issues that retailers may ‌face during the festive period, Reuters reported last week, citing sources.

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.

Terms & conditions | Institutional Subscriber