Wednesday, March 29, 2023

No charge on normal UPI payment; interchange fee applicable for PPI merchant transactions: NPCI

NPCI has permitted the PPI wallets to be part of interoperable UPI ecosystem and levied 1.1 per cent charge on unified payment interface (UPI) transactions above Rs 2,000 while using PPI.

source https://economictimes.indiatimes.com/industry/banking/finance/no-charge-on-normal-upi-payment-interchange-fee-applicable-for-ppi-merchant-transactions-npci/articleshow/99085164.cms

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