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The Economic Times

PhonePe, Razorpay chiefs say UPI will stay free for users, back sustainable model

PhonePe RazorPay UPI Harshil Mathur Sameer Nigam NPCI

PhonePe cofounder and chief executive Sameer Nigam and Razorpay cofounder and chief executive Harshil Mathur have said Unified Payments Interface (UPI) payments will remain free for consumers while backing a sustainable revenue model, adding to industry support for merchant charges on larger businesses.

“Consumers will not be charged anything for making UPI payments,” Nigam said on X on Saturday.

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International Business Times UK

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Top stories on inkl right now

Flydubai attack investigation widens as alleged hijacker’s training in New Zealand scrutinised

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Hamam al-Hammami spent 175 days in New Zealand until May 2019, as Australian Jewish group calls for full investigation into his time in Melbourne

The Guardian - AU

Kansas neighbour cut 133 trees, some 70 feet onto adjoining land; court upholds $6,500 award

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The Times of India

Germany’s former spy chief arrested over alleged treason: 2,000 classified documents at centre of probe

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FL Declares Emergency in 25 Counties as Gulf Depression Could Become Season's First Hurricane, Residents Warned

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International Business Times UK

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

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