The National Payments Corporation of India (NPCI) has introduced an interchange fee of up to 1.1% on UPI transactions done via prepaid payment instruments (PPI) from April 1. The charge will be applicable on payments of over ₹2,000. Now, this statement caused quite a momentary stir, even for us if I’m being honest. But not to worry. Let’s understand exactly what will happen from April 1 and how it will affect you.

#NPCI #UPI #PPI
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