Starting from April 1st, an interchange fee of up to 1.1 percent will be applicable on prepaid payment instruments (PPIs) for merchant Unified Payments Interface (UPI) transactions, according to the National Payments Corporation of India (NPCI). The fee will be levied on UPI payments over INR 2,000 made to online merchants, large merchants, and small offline merchants. … [Read more...] about New NPCI Proposal Suggests Interchange Fee of Up to 1.1% for PPI UPI Transactions over ₹2,000
UPI Apps
Be Cautious While Using UPI Apps | Important, yet ignored UPI safety tips!
Unified Payments Interface (UPI) has revolutionised the way people transfer money in India. With just a few taps on their smartphones, users can transfer funds instantly from one bank account to another. UPI has become increasingly popular among Indian consumers and businesses alike due to its convenience and ease of use. However, while UPI has made digital transactions … [Read more...] about Be Cautious While Using UPI Apps | Important, yet ignored UPI safety tips!
If UPI Transaction Charges Come To Practice, How To Reduce Or By-Pass Or Avoid Those Charges?
Unified Payments Interface (UPI) is a revolutionary payment system introduced by the National Payments Corporation of India (NPCI) in 2016. It enables instant money transfer between bank accounts through a mobile application, making digital transactions faster and more convenient than ever before. UPI has transformed the way people in India transact, making it easier for … [Read more...] about If UPI Transaction Charges Come To Practice, How To Reduce Or By-Pass Or Avoid Those Charges?
Sending Money To Unknown Person or Business Via UPI? Here Are The Things You Should Take Care Of!
Making UPI payments have become very common these days. UPI has become one of the widely used mode of payments. As a result, not only it is being highly useful, many new frauds are popping up where people end up losing money via UPI apps. In this context, it is very crucial that we follow the safety aspects when it comes to UPI apps. Often, as part of the day today … [Read more...] about Sending Money To Unknown Person or Business Via UPI? Here Are The Things You Should Take Care Of!
Wrongly Sent Money To A Wrong Account Via UPI? Lost Money To Someone Over A Fraud? Here’s What To Do
UPI apps are quite common these days. UPI transactions are widely done and it has also become quite common that wrong transactions are done. Sending money to a wrong account number by mistake or to a wrong phone number is not new to us. Apart from this, UPI frauds are also happening on a daily basis. So what should you do if you have wrongly sent money to someone, or … [Read more...] about Wrongly Sent Money To A Wrong Account Via UPI? Lost Money To Someone Over A Fraud? Here’s What To Do