The Payments Council of India (PCI) said on Friday that it supports merchant charges on Unified Payments Interface (UPI) transactions for larger businesses, stating the revenue would help banks and payment companies strengthen technology, cybersecurity and fraud prevention, while keeping payments free for consumers and small businesses.
PCI said small merchants, including kirana stores, should not be charged for accepting UPI payments. Any merchant service charge would be a commercial arrangement between merchants and payment providers, not a charge on customers.
