organization · 3 records
Payments Council of India
PCI fact-checks Kerala Congress claim on UPI diesel payment charges
The Payments Council of India clarified that UPI fuel transactions over 2,000 rupees incur a flat 5 rupee fee rather than a 0.4 percent charge as claimed by the Kerala Congress.
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UPI merchant fees to end free digital payment era
Starting October 15, a 0.4% merchant fee will be applied to UPI transactions exceeding 2,000 rupees.
1 outlet Markets read
Zero-MDR gave banks no return on UPI merchant onboarding costs
The Indian government is implementing a new merchant discount rate framework for UPI transactions to support ecosystem sustainability while exempting small transactions.
1 outlet Markets read