Is this charge for upi transactions : Customers Won't Pay 1.1% Fee for UPI Transactions Above ₹2,000
Is this charge for upi transactions Unified Payments Interface (UPI) is quickly gaining popularity as one of the most popular digital transaction methods in India. Many apps provide this facility to users, and several banks have partnered with UPI, enabling customers to use this platform via bank apps. Numerous chat platforms and mobile wallets in the market also offer UPI services. What is UPI? UPI is a digital payment system that enables users to send and receive money via a Virtual Payment Address (VPA). The funds are directly debited from the customer's bank account. List of Apps with UPI Feature in India: Several apps provide the UPI feature in India, including PhonePe, Paytm, BHIM app, MobiKwik, Google Pay, Uber, Chillr, Paytm Payments Bank, SBI Pay, iMobile, Axis Pay, and Bank of Baroda (BOB) UPI. If you frequently use UPI for your everyday transactions, there is some crucial information that you should be aware of. The National Payments Corporation of India (NPCI) has decid...