World & BusinessUPI subsidies may end as merchant fees are introduced
The Economic Times reports that taxpayer-funded incentives for UPI and RuPay transactions are being phased out, with no new subsidies paid for transactions since April 2025.
TLDR
The government may end subsidies for small UPI transactions as merchant fees are introduced, The Economic Times reports. It says taxpayer-funded incentives for UPI and RuPay transactions are being phased out and incentive disbursements have significantly decreased in recent fiscal years. The stated aim is to make the payment ecosystem self-sustaining and reduce the burden on taxpayers.
UPI subsidies may end as merchant fees are introduced
The Economic Times reports that taxpayer-funded incentives for UPI and RuPay transactions are being phased out, with no new subsidies paid for transactions since April 2025.