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UPI INTERCHANGE FEE
There’s no free digital lunch: Why India must rethink UPI’s zero-fee modelSmall merchants are facing unexplained fees on UPI transactions, linked to RuPay credit card MDR. While UPI was promoted as free, these cha...- Transaction cost on Rupay credit card to rise for these merchants as interchange fees for select categories go up starting May 1, states NPCIStarting May 1, 2025, NPCI is set to increase interchange fees for Rupay credit cards, affecting both domestic and international transactio...
- What’s in NPCI’s wallet? A plan to unclog banking channelsThe National Payments Corporation of India (NPCI) and the mobile wallet industry are considering reducing the interchange fee for Unified P...
- View: Despite concerns over proposed fees, UPI’s sustainability depends on fair merchant chargesThe National Payments Corporation of India (NPCI) will implement new merchant fees for UPI transactions above ₹2,000 starting October 16. T...
- Will your UPI credit line payments become costly as NPCI introduces merchant charges?NPCI charges for credit line on UPI: The NPCI has released a circular to the banks regarding how charges will be levied on the pre-sanction...
- New RuPay credit card on UPI rule: RuPay credit card reward point rules from September 1New RuPay credit card on UPI rule: NPCI has instructed all banks that issue RuPay credit cards to ensure that the rewards points, benefits,...
- Rupay credit cards on UPI will now earn same reward points like other RuPay cards including on these UPI transactionsRuPay credit card: The National Payments Corporation of India (NPCI) in a circular directed all RuPay credit card issuing banks to ensure t...
- UPI integration gives a fillip to RuPay credit cards distributionRuPay credit cards are seeing a growth in usage after linking with UPI, with its issuance at 30%, up from a mere 5% in 2022-23. The shift t...
- 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 int...
- Be wise & safe: Switch from UPI to UPI wallet for small paymentsTo begin with, the concept of mobile wallets is similar to physical wallets. You need to put some money in your mobile wallet through top-u...
- Govt may consider 0.3% fee to maintain UPI payment system & ensure financial viability: IIT Bombay studyThe study, which analyses the impact of the decision of the National Payments Corporation of India (NPCI) to introduce interchange fee on p...
- NPCI sets 1.1% interchange fee on UPI payments via prepaid instruments, walletsThe National Payments Corporation of India has set the interchange fee at 1.1% for merchant transactions initiated using a Prepaid Payment ...
- The Great Indian UPI MigrationWhat could possibly have prompted this change of heart with regard to UPI merchant transactions? There could be two reasons. This may be a ...
- No charge on normal UPI transactions for customers, says NPCIThe NPCI reportedly said that using prepaid payment instruments (PPIs) - gift cards, wallets, among others - for transactions through UPI w...
- ChatGPT powered tools for consumer complaints in the works; draft online gaming rules to be notified soonIndian consumers will be able to register their complaints on the National Consumer Helpline (NCH) with the help of a ChatGPT-powered mecha...
- Paytm shares rise 3%. Here's what's driving the stockOne97 Communications which owns a 49% stake in Paytm Payments Bank (PPBL) said in a stock exchange filing on Monday that the payments bank ...
- Paytm extends full interoperability, allows wallet users to pay via UPI QR codesThis comes after the Reserve Bank of India (RBI) mandated all Prepaid Payment Instruments (PPI) like wallets to be interoperable with UPI a...
- E-payments industry counts the costs after zero MDR joltFrom the growth of UPI payments, it’s clear more users are embracing this instrument. But with a billion transactions a month being recorde...
- Banks approve reduced fees for UPI, RuPayAfter a letter from the Indian Banks’ Association (IBA) on removing entire fees on these transactions, which would have meant significant r...
- Without merchant fees, banks say they can’t reimburse payment companiesAt the centre of this demand is Delhi’s decision to remove the MDR for all digital transactions.
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