Which UPI payments will attract interchange fee? Will you have to bear the cost?
UPI transaction charges: NPCI has advised that UPI transactions made via prepaid instruments, such as wallets and cards will attract an interchange fee of 1.1 per cent for merchant payments from April 1, 2023. The interchange fee will be levied only on specified merchant transactions of above Rs 2,000. Which UPI transactions will attract a fee from April 1, 2023? Will you have to pay a fee while paying via UPI in a store? ET Wealth decodes
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