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Topicin Fintech

Interchange Fee

Latest news, explainers and analysis on Interchange Fee. Tracking 1 stories on Arth Vani.

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Latest on Interchange Fee

UPI Interchange Fee: Small Businesses May Reconsider PPI-Based Payments
Fintech

UPI Interchange Fee: Small Businesses May Reconsider PPI-Based Payments

From April 1, 2023, a 1.1% interchange fee is applied to UPI payments made via Prepaid Payment Instruments (PPIs) like wallets for transactions exceeding ₹2,000. This development, which has prompted questions about its impact, could lead small businesses to re-evaluate their acceptance of such digital payments due to added costs.

43d ago·2 min readListen
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