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
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!
UPI Apps Like Google Pay PhonePe To Start Charging Transaction Fees? Here’s what you need to know!
As more and more users are moving towards digital transactions, it is very reasonable that people worry about transaction fees. More and more people have started using UPI apps like Google Pay and PhonePe for recharges, bill payments, gas booking and the like. A news piece made rounds in social media stating that users of UPI apps like Google Pay and Phone Pe will incur a … [Read more...] about UPI Apps Like Google Pay PhonePe To Start Charging Transaction Fees? Here’s what you need to know!
What is a UPI and why do you need to use it?
Digital transactions are the trend now. We have taken a big step forward in the direction of practicing cashless transactions. UPI plays a crucial role in digital transactions. If you have been using digital portals to make payments, you must have come across the term UPI for sure. But what do we know about it? Let’s talk! UPI means Unified Payment Interface. This … [Read more...] about What is a UPI and why do you need to use it?