Govt sets 0.4% fee on UPI Merchant Payments above Rs 2,000; Capped at Rs 300
NEW DELHI, Sept 15: Ending nearly six years of a fully free Unified Payments Interface (UPI) network for merchants, the government on Tuesday introduced a 0.4 per cent transaction fee on payment above Rs 2,000, capped at Rs 300 for payments of Rs 75,000 and above, from October 15, while explicitly ring-fencing everyday person-to-person transfers […]
15 Sep 19:36 · Northlines