India, March 11 -- The National Payments Corporation of India (NPCI) has proposed the revision of the fee structure for RuPay credit card transactions on UPI.

As per an NPCI circular, the fees payable to Third Party Application Providers (TPAPs) and payer Payment Service Providers (PSPs) will be lowered starting April 1, 2026.

Under the revised structure, the TPAP fee for non-industry transactions has been reduced from 8 basis points to 6 basis points, while the fee for industry transactions has been cut from 4 basis points to 3 basis points. The fee is split equally between the payer PSP and the UPI app handling the transaction.

The revision will not apply to the small offline merchant category for transactions up to Rs.2,000, as well...