Скачать или смотреть Do you need to pay any charges on UPI transactions?

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🔷The National Payments Corporation of India (NPCI) recently released a circular in which it recommended a 1.1 per cent interchange fee on certain merchant UPI transactions above Rs 2,000, made using prepaid payment instruments (PPI) like online wallets.

🔷As per the circular issued on March 24, the changes will come into effect from April 1, 2023 and the above pricing will be reviewed on or before September 30, 2023.

🔷The interchange charges introduced are only applicable for PPI merchant transactions and there is no charge to customers, and it is further clarified that there are no charges for bank account to bank account based UPI payments (i.e. normal UPI payments

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