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Payment and Settlement Systems Act
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Situations
India’s UPI Expansion and Digital Payments Landscape
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Latest: India moves to reintroduce merchant fees on UPI digital payments
India’s Unified Payments Interface (UPI) continues to dominate the domestic payments ecosystem and is expanding abroad. RBI’s half‑yearly report shows UPI handling 85.5 % of transaction volume while RTGS carries 68.6 % o