Understanding UPI Interchange Fees: Which Payments Are Affected and Who Bears the Cost

Can you provide an overview of the NPCI’s new UPI interchange fee policy that will be implemented from April 1, 2023, and how it will affect users and merchants in India? The National Payments Corporation of India (NPCI) has announced that certain United Payments Interface (UPI) transactions made via prepaid instruments, such as wallets, will … Read more