India built world’s largest real-time payment system. Now merchants fear being stuck with the bill

channelnewsasia.com · world
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A proposed change to India's payments law would allow fees on certain real-time transactions, and merchants are worried about who ends up paying. India runs the world's largest real-time payment system, which has been free or nearly free for most users so far. Business owners and analysts told CNA that even modest charges could erode already thin margins. Small shops fear they would carry the cost of a network they helped make popular.

A change to India’s payments law means merchants could be charged a fee for certain real-time payments. Businesses and experts tell CNA that even modest fees could squeeze profits.

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