UPI payments above ₹2,000 to attract merchant fee from October
The National Payments Corporation of India (NPCI) has announced a merchant discount rate of 0.4% on certain Unified Payments Interface (UPI) transactions involving payments to merchants above ₹2,000, with the new system scheduled to take effect from October 15. The charge will apply to person-to-merchant transactions, while person-to-person UPI transfers will remain outside the levy. According to the announcement, transactions… Continue reading "UPI payments above ₹2,000 to attract merchant fee from October"