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India mulls ending free UPI transactions for large businesses

Launched in 2016, UPI now serves over 550 million users and processes billions of transactions monthly.

The Business Standard · 17 আগস্ট 2026, 8:40 সকাল

The Indian government is reportedly considering the introduction of fees for large businesses using the Unified Payments Interface (UPI). Since its inception in 2016, the platform has become a standard payment method for over 550 million users, facilitating billions of transactions every month. Data from July shows that the system processed 23.6 billion transactions, amounting to approximately $313.5 billion in total value.

তথ্যসূত্র: The Business Standard