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Soon, you will be able to make voice-based UPI payments, NPCI launches products

Reserve Bank of India (RBI) Governor Shaktikanta Das announced the launch of the products by the National Payments Corporation of India (NPCI).

RBI governor Shaktikanta Das (PTI)
Published on Sep 07, 2023 08:06 AM IST

NPCI says no charge on 'normal' UPI payments; but is free service sustainable?

NPCI has said clearly that it will not impose fees on 'regular' UPI transfers. Is UPI, however, a self-sustaining free service, or will it be charged in future?

UPI transactions are free as of now because government funds it from budget. (Mint file photo)
Published on Mar 30, 2023 08:04 PM IST
By | Edited by Aryan Prakash

Gpay, Paytm, other users need not worry about new surcharge; Know reason

NPCI has recently introduced an interchange fee over payments made through UPI in PPI merchant transactions. Know all about PPI, interchange fee and who would pay the charge.

According to NPCI, payments above <span class='webrupee'>₹</span>2,000 made using UPI network will bear a surcharge or interchange fee of up to 1.1%.(Shutterstock)
Updated on Mar 29, 2023 05:01 PM IST
BySnehashish Roy

Paytm answers if customers need to pay fee on UPI payments

Paytm on Wednesday said that “no customer will pay any charges on making payments from UPI either from bank account or PPI/Paytm Wallet.”

Paytm on Wednesday urged to not spread misinformation after NPCI's new rule on digital payments through UPI. (REUTERS)
Published on Mar 29, 2023 04:47 PM IST

Will online payments become costlier? NPCI recommends this…

NPCI released a circular on matter related to charging interchange fees on certain transactions made through UPI.

The interchange fee is usually levied to cover the cost of accepting, processing and authorising the transaction.(File)
Updated on Mar 29, 2023 02:00 PM IST
BySnehashish Roy
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