UPI may begin to bite at payments revenue pie for banks, NBFCs, fintechs - Moneycontrol

A waiver of the merchant discount rate means payment processing entities are losing out on revenue as the share of UPI grows

Unified Payments Interface (UPI) is a boon for Indians for everything from buying pizza to paying bills. But for banks, non-banking finance companies and fintech companies, this means a steady decele… [+3707 chars]

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