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Indias Banks Do The Least In UPI Payments. They Will Now Earn The Most

The Plinth

India's Banks Do The Least In UPI Payments. They Will Now Earn The Most

UPI payments to shops above Rs 2,000 will now carry a 0.4% fee. Banks collect up to 70 paise in every rupee, and the biggest single share goes to the bank that does nothing but debit the account.

By Dev Chandrasekhar
The Plinth
Published on 25 Sept 2026 6:00 AM IST

Top Stories

Microsoft’s Retiring Old Software Leaves Indian Companies With The Bill

Microsoft’s Retiring Old Software Leaves Indian Companies With The Bill

AI Can Transform India’s FMCG Chain But Scaling Is Proving to Be Hard

AI Can Transform India’s FMCG Chain But Scaling Is Proving to Be Hard

Why India Should Sell Safety, Not Ease of Business

Why India Should Sell Safety, Not Ease of Business

Why The Likes Of Reliance And Adani Are Investing To Redevelop Mumbai’s Slums

Why The Likes Of Reliance And Adani Are Investing To Redevelop Mumbai’s Slums

Podcasts

We Dont Have a Jobs Problem, We Have a Wages Problem: TeamLeases Manish Sabharwal On Employed Poverty

We Don't Have a Jobs Problem, We Have a Wages Problem: TeamLease's Manish Sabharwal On Employed Poverty

In this episode of The Core Report, Manish Sabharwal, Co-Founder, TeamLease Services Limited , Co-author, Made in India: The Story of Desh Bandhu Gupta Limited talks about what Lupin's D.B. Gupta can teach India about jobs, red tape and building companies that last.

By The Core Team

Can India Make Flying More Predictable?

Can India Make Flying More Predictable?

By Kudrat Wadhwa

Oil Flows Through The Strait Of Hormuz Are Only 11% Shy Of The Pre-War Peak

Oil Flows Through The Strait Of Hormuz Are Only 11% Shy Of The Pre-War Peak

By Govindraj Ethiraj

India Needs Cheaper Capital. Indian Households Could Hold the Key

India Needs Cheaper Capital. Indian Households Could Hold the Key

By The Core Team

Why Indian Markets Have Gone Back 25 Years

By Govindraj Ethiraj

Tuesday Special: Sooraj Nair On Women’s Safety In Cabs

By Kudrat Wadhwa

Why Oil Price Uncertainty Will Continue To Batter Markets

By Govindraj Ethiraj

News

We Dont Have a Jobs Problem, We Have a Wages Problem: TeamLeases Manish Sabharwal On Employed Poverty

We Don't Have a Jobs Problem, We Have a Wages Problem: TeamLease's Manish Sabharwal On Employed Poverty

In this episode of The Core Report, Manish Sabharwal, Co-Founder, TeamLease Services Limited , Co-author, Made in India: The Story of Desh Bandhu Gupta Limited talks about what Lupin's D.B. Gupta can teach India about jobs, red tape and building companies that last.

The Core Team
Business
Published on 3 Oct 2026 6:00 AM IST

Can India Make Flying More Predictable?

Can India Make Flying More Predictable?

Why PLI 1.0 Has Paid Out Less Than A Fifth Of The Promised Rs 1.97 Lakh Crore

Why PLI 1.0 Has Paid Out Less Than A Fifth Of The Promised Rs 1.97 Lakh Crore

Oil Flows Through The Strait Of Hormuz Are Only 11% Shy Of The Pre-War Peak

Oil Flows Through The Strait Of Hormuz Are Only 11% Shy Of The Pre-War Peak

India’s Banks Are Flush With NRI Deposits But Can’t Chase Risky Loans

India’s Banks Are Flush With NRI Deposits But Can’t Chase Risky Loans

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