UPI transactions: 1.1% interchange fee to be levied; what does it mean? | Explainer | Oneindia News
Video Credit: Oneindia - Duration: 05:09s - Published
UPI transactions: 1.1% interchange fee to be levied; what does it mean? | Explainer | Oneindia News
The National Payments Corporation of India (NPCI) has introduced an interchange fee of up to 1.1% on UPI transactions done via prepaid payment instruments (PPI) from April 1.
The charge will be applicable on payments of over â‚ą2,000.
Now, this statement caused quite a momentary stir, even for us if I’m being honest.
But not to worry.
Let’s understand exactly what will happen from April 1 and how it will affect you.
#NPCI #UPI #PPI ~PR.151~
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