UPI Transactions Explained | Latest Rules, Limits, Global Expansion & Updates
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UPI Transactions Explained | Latest Rules, Limits, Global Expansion & Updates
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You don’t have to pay charges on UPI transactions !!! Recently, a circular from NPCI was released, which says, “NPCI recommends up to a 1.1% interchange fee on UPI transactions of over 2,000 via PPIs.” But people on social media wrongly interpreted that customers have to pay 1.1 percent charges for use of UPI, which means UPI is no longer free. That is a completely wrong interpretation❌ In reality, merchants have to pay up to a 1.1 percent interchange fee on UPI transactions of over 2,000 via PP
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Any UPI transaction over ₹2,000 made via prepaid payment instruments, like online wallets or pre-loaded gift cards, will carry an interchange fee from April 1. How will this affect consumers? Ritu Singh has the details #UPI #Charges #paytm #newcharges #PPI #OnlinePaytm #wallets | CNBC-TV18
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