Starting from April 1st, an interchange fee of up to 1.1 percent will be applicable on prepaid payment instruments (PPIs) for merchant Unified Payments Interface (UPI) transactions, according to the National Payments Corporation of India (NPCI). The fee will be levied on UPI … [Read more...] about New NPCI Proposal Suggests Interchange Fee of Up to 1.1% for PPI UPI Transactions over ₹2,000
Making UPI payments have become very common these days. UPI has become one of the widely used mode of payments. As a result, not only it is being highly useful, many new frauds are popping up where people end up losing money via UPI apps. In this context, it is very crucial … [Read more...] about Sending Money To Unknown Person or Business Via UPI? Here Are The Things You Should Take Care Of!
As more and more users are moving towards digital transactions, it is very reasonable that people worry about transaction fees. More and more people have started using UPI apps like Google Pay and PhonePe for recharges, bill payments, gas booking and the like. A news piece … [Read more...] about UPI Apps Like Google Pay PhonePe To Start Charging Transaction Fees? Here’s what you need to know!
Digital transactions are the trend now. We have taken a big step forward in the direction of practicing cashless transactions. UPI plays a crucial role in digital transactions. If you have been using digital portals to make payments, you must have come across the term UPI for … [Read more...] about What is a UPI and why do you need to use it?