This was gleaned from RBI s latest FAQs; market sources told Moneycontrol that the bank names are likely to be announced next week. The stock was up 5 percent today.
UPI digital payments to become costlier? Starting April 1, UPI app users will have to pay a transaction fee of 1.1% for digital payments above Rs 2,000. Though, it won’t apply to app-to-app non-merchant transactions. Know about the new UPI payment surcharge applicable on the merchant transactions done via Google Pay, PayTM and other UPI apps. Watch Business Today Visual Story.