Tag: upi payment charges
Posted in Business
Fuel pump transactions, bill and insurance payments, and more: UPI FAQs as MDR kicks in
The new UPI framework has kicked in, bringing changes to how certain merchant transactions are charged. But while the framework introduces a 0.4% merchant discount…
Posted in Economy
UPI charges from October 15: FAQs on who will pay 0.4% MDR and what consumers, small vendors & large merchants need to know
The new UPI framework will continue to keep person-to-person (P2P) transactions free, irrespective of the amount transferred. Payments made to merchants up to Rs 2,000…
Posted in Economy
Banks cannot impose charges on UPI payments of up to Rs 2,000, govt says
The Central government on Monday announced that banks cannot impose any charges on Unified Payments Interface (UPI) transactions of upto Rs 2,000 or debit card…