New fees on UPI payments
Facts for Prelims (FFP) Source: TOI, LM Context: The National Payments Corporation of India (NPCI) has allowed prepaid payment instruments (PPIs) to be part of the interoperable Unified Payments Interface (UPI) ecosystem. What does the new guideline say? The new guidelines, effective from April 1st, levy a 1.1% charge on UPI transactions above ₹2,000 …
