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UPI payments of more than Rs 2,000 to be charged at 1.1% starting April 1; check details

The interchange pricing will be introduced on April 1, 2023, and then again reviewed by September 30, 2023. The introduction of interchange fees is aimed at increasing revenue for banks and payment service providers.
World Bank Committee On Payments National Payments Corporation Of India National Payments Corporation Prepaid Payment Instruments Unified Payments Interface

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