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 transaction charges
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?
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!