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
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