UPI payment charges

Interchange will not be applicable on P2P and P2PM transactions between bank accounts and PPI wallets. However, PPI issuers will need to pay 15 bps as a “wallet ...

It will also earn additional interchange revenue on Paytm wallet transactions made to merchants acquired by other payment service providers, payment gateways and payment aggregators. The charge will be levied on UPI payments of over ₹2,000 made to online merchants, large merchants and small offline merchants. Interchange will not be applicable on P2P and P2PM transactions between bank accounts and PPI wallets.

The National Payments Corporation of India (NPCI) has announced a major decision that could affect consumers making payments via prepaid payment instrument ...

Breaking News Know THIS before making digital payments via Google Pay, PayTM and other apps](#) [National Payments Corporation of India](/topic/national-payments-corporation-of-india)(NPCI) has reportedly taken a major decision that could affect consumers making payments via prepaid payment instruments (PPI) such as mobile wallets - [Google Pay](/topic/google-pay), [PayTM](/topic/paytm)and other such apps. The announcement was made via an NPCI circular dated March 24.

NPCI ने मंगलवार को एक सर्कुलर जारी कर एक्स्ट्रा चार्ज लगाने के संकेत दिए हैं.

नेशनल पेमेंट्स कॉरपोरेशन (NPCI) ने अपने सर्कुलर में कहा है कि इस नए नियम को 1 अप्रैल से लागू करने के बाद इसकी समीक्षा 30 सितंबर, 2023 से पहले की जाएगी. सर्कुलर में UPI के जरिए 2,000 रुपये से ज्यादा के ट्रांजेक्शन पर 1.1 फीसदी प्रीपेड पेमेंट इंस्ट्रूमेंट यानि PPI लगाने का सुझाव दिया गया है. बिजनेस स्टैंडर्ड की खबर के मुताबिक, मंगलवार को जारी किए गए इस सर्कुलर के मुताबिक, NPCI ने प्रीपेड पेमेंट इंस्ट्रूमेंट यानि PPI लगाने की तैयारी की है.

National Payments Corporation of India, through a circular has recommended Prepaid Payment Instrument charges for UPI payments.

NPCI will review the stated pricing on or before Sept. The pricing will come into effect starting April 1, 2023. The interchange fee is typically associated with card payments and is levied to cover the costs of accepting, processing, and authorising transactions.

नेशनल पेमेंट्स कॉरपोरेशन ऑफ इंडिया (NPCI) ने UPI से मर्चेंट ट्रांजैक्शंस पर प्रीपेड पेमेंट ...

नए फाइनेंशियल ईयर यानी 1 अप्रैल 2023 से यूनिफाइड पेमेंट्स इंटरफेस (UPI) के जरिए ट्रांजैक्शन महंगा हो सकता है। नेशनल पेमेंट्स कॉरपोरेशन ऑफ इंडिया (NPCI) ने UPI से मर्चेंट ट्रांजैक्शंस पर प्रीपेड पेमेंट इंस्ट्रूमेंट्स (PPI) फीस लागू करने को कहा है। इसके सर्कुलर के मुताबिक 2000 रुपये से अधिक की राशि के UPI ट्रांजैक्शन पर चार्ज लगेगा। यह चार्ज मर्चेंट ट्रांजैक्शंस यानी व्यापारियों को पेमेंट करने वाले यूजर्स को देना होगा। नेशनल पेमेंट्स कॉरपोरेशन ऑफ इंडिया के मुताबिक 2000 रुपये से अधिक की राशि के UPI ट्रांजैक्शन पर चार्ज लगेगा। यह चार्ज मर्चेंट ट्रांजैक्शंस यानी व्यापारियों को पेमेंट करने वाले यूजर्स को देना होगा। UPI पर बड़ा झटका, ₹2000 से अधिक के ट्रांजैक्शन पर लगेगा PPI चार्ज

Starting April 1, any UPI transactions of more than Rs 2000 made via prepaid payment instruments (PPI) like online wallets or pre-loaded gift cards etc, ...

For Spice money, we see this as a very encouraging opportunity because we see the wallet as a very powerful instrument that we can leverage and use to onboard a digital consumer in rural India. So a measure like this has put a business model to the entire wallet business for players like us. "This is a fantastic move, a step in the right direction by the regulator. "At present, there is no charge to a consumer, but at some point in time somewhere the charges will get neutralised. So the issuer of pre-paid instruments like Paytm or Ola Financial Services etc will have to pay 15 basis points as wallet loading charges to the remitter bank, i.e. to cover the costs of accepting, processing, and authorising transactions.

UPI payment charge news in hindi: एक अप्रैल से UPI से लेन-देन पड़ेगा महंगा, UPI पेमेंट करने पर लगेगा ...

The National Payments Corporation of India (NPCI) has suggested unified payments interface (UPI) transactions made via prepaid instruments like wallets,

"UPI is a digital public good with immense convenience for the public & productivity gains for the economy. They do not want the customer to pay by cash because the returns for cash on delivery are around 25%. "The fee will not be applicable to person-to-person transactions or person-to-merchant transactions between a bank and the prepaid wallet. In August this year, the Union finance ministry clarified that no service charge would be levied on UPI transactions. However, the incentive becomes absurd when it is equally applicable to large-ticket spending and big players. However, this may not be good for the country." According to the reports, the interchange fee ranges between 0.5% to 1.1%. The expert says, "Zero MDR is not a viable solution. Cards offered by Visa and MasterCard, typically, have an MDR of 200bps (basis points) for credit cards and 50bps for debit cards. While UPI is creating new records for the number of transactions every day and the amounts transacted, most service-providers such as banks, merchants and even NPCI itself are not very happy about having to provide free service. For instance, payments made to fuel service stations via UPI using a prepaid instrument will only carry an interchange of 0.5%," the report says. The National Payments Corporation of India (NPCI) has suggested unified payments interface (UPI) transactions made via prepaid instruments like wallets, or cards should carry an interchange fee of 0.5% to 1.1% for payments made to online merchants, large merchants, and small offline merchants above Rs2,000, say media reports.