npci
By Mohammed Kudrati Several posts on social media, stating that all transactions done through the Unified Payments Interface (UPI) platform would attract a 1.1% fee, are misleading. Recent changes as outlined by the National Payments Corporation of India - the operator of the platform - have outlined an interchange of up to 1.1% from April 1 on transactions done above ₹2000 through Prepaid Payment Instrument (PPI) done through UPI. PPIs include mobile wallets, digital wallets or prepaid cards like Pockets by ICICI Bank, Paytm Wallet and Amazon Pay. The interchange will be charged to the mercha...
BOOM Live
By Mohammed Kudrati
BOOM Live
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