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More and more FinTechs are entering the market with UPI support

By Puja Sharma

May 19, 2022

  • BHIM UPI
  • BHIM UPI App
  • Cross-border Merchants
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Unified Payments Interface (UPI) transactions have begun to reduce banks’ and non-bank fee incomes as they increasingly dominate merchant payments. As a result of government rules, the homegrown payments channel does not earn merchant fees, and the increasing trend of UPI usage is now biting banks and other payments players who have been its biggest […]

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