PPI Wallet transactions of over ₹2,000 on UPI to attract 1.1% charge from April 1, 2023
Image used for representational purpose only. | Photo Credit: Kamal Narang Starting April 1, merchant transactions exceeding ₹2,000 in value done using Prepaid Payment Instruments (PPI Wallets) on UPI will attract an interchange charge of 1.1%. However, “the new interchange charges are only applicable for the PPI merchant transactions and there is no charge to customers,” […]
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