NPCI
News, policy decisions and regulatory analysis involving NPCI. Tracking 4 stories on Arth Vani.
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Latest on NPCI
BreakingNPCI Clarifies: GST on MDR Not Extra Burden for Merchants, Can Be Adjusted Against Tax
The National Payments Corporation of India (NPCI) has clarified that the Goods and Services Tax (GST) charged on Merchant Discount Rate (MDR) will not impose an additional financial burden on businesses. Merchants can claim this GST amount as Input Tax Credit (ITC), effectively adjusting it against their overall tax liabilities. This move aims to alleviate concerns among businesses regarding the cost implications of digital transactions.
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.
BreakingUPI Transaction Fees: What You Need to Know
The era of free UPI transactions is coming to an end for certain payment service providers. New regulations are set to introduce charges for specific UPI activities, potentially impacting how users make payments.
BreakingNPCI Pilots AI to Catch Digital Fraudsters in Real-Time, Safeguarding Your Money
The National Payments Corporation of India (NPCI) is testing new AI technology to make digital transactions safer for everyone. This system can track stolen money as it moves between bank accounts, aiming to stop fraudsters in real-time and significantly reduce losses for victims.
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