Newsazenplay.comIndia's payments authority introduced a 0.4% merchant fee on select person-to-merchant UPI transactions above ₹2,000, starting October 15. Consumers will still use UPI for free, while the change is expected to affect merchant economics and payment-firm revenue outlooks.
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Payments & fintechAmazon and Openbank Pay have launched a flexible payments offering in Poland. The report appears in a payments news roundup and points to card-linked or embedded financing functionality for merchants and shoppers.
The Philippine central bank said electronic payment providers must improve merchant vetting to reduce fraud risks. The warning followed findings that thousands of illegal businesses, including online casinos, were operating on payment platforms under false business names.
The Bangko Sentral ng Pilipinas said electronic payment providers need to be more diligent in vetting merchants using their platforms after finding thousands of illegal businesses, including online casinos disguised as ordinary companies. The regulator is pushing tighter controls on merchant…