India’s UPI Enters a New Phase as Credit, Merchant Fees Debate Intensifies
India’s Unified Payments Interface is moving beyond instant transfers into a more complex policy debate over merchant discount rates and the expansion of credit-linked payments. The discussion, highlighted by industry voices including Mindgate and reported in The Economic Times, signals a potentially significant shift in how India’s digital payments rail could be monetised and scaled. For the automotive, EV and mobility ecosystem, the outcome could shape how consumers finance purchases and how merchants absorb digital payment costs.
