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India moves to give its instant payments network a business model
The legislation lays the groundwork for a potential overhaul of India's zero-merchant-discount-rate regime, under which businesses have not paid fees to accept UPI payments since 2020.
Story Verdict
★★★☆☆
Medium
Confidence: Low
Who Should Care
- Governments
- Businesses
- General public
Likely Next
- Official response
- Follow-up coverage
- Public reaction
Why It Matters
Developments like this can have effects beyond the immediate story. Directly involves India.
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