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Merchant transactions via UPI get costly after NPCI imposes charges

By Puja Sharma

March 29, 2023

BHIM UPI
Cashfree Payments
Digital P2P Payments

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This interchange fee will not apply to payments made via UPI to friends, family, or any other individual or merchant’s bank account. However, PPI (prepaid instruments) issuers must pay the remitter bank 15 basis points as a “wallet loading service charge” for loading more than ₹2000 in their prepaid wallet From April 1, the National […]

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