Consumers, small merchants unlikely to pay charges for UPI transaction: Payments Council of India
UPI transaction charges
Covered by 4 sources
- NDTV India·6h agoUPI Will Stay Free For Consumers And Small Merchants: Payments Council
The statement comes a day after the Lok Sabha passed a Bill to amend the Payment and Settlement Systems Act, 2007, which authorises the government to permit banks and other service providers to levy charges on payments through UPI.
Read at NDTV India → - ET Tech·9h agoPayments Council backs UPI merchant charges, says users, small businesses will remain exempt
PCI said small merchants, including kirana stores, should not be charged for accepting UPI payments. Any merchant service charge would be a commercial arrangement between merchants and payment providers, not a charge on customers.
Read at ET Tech → - The Print Economy·10h agoConsumers, small merchants unlikely to pay charges for UPI transaction: Payments Council of India
New Delhi, Aug 7 (PTI) Consumers and small merchants will continue to enjoy free Unified Payments Interface (UPI) services even as the Lok Sabha passed a Bill to amend the Payment and Settlement Systems Act, 2007, the Payments Council of India said on Friday. The statement comes…
Read at The Print Economy →
