CURRENT AFFAIRS : BANKING & FINANCE
NPCI recommends up to 1.1% interchange fee on UPI transactions of over ₹2,000 via PPIs
- National Payments Corporation of India (NPCI) has notified that an interchange fee of up to 1.1% will be applicable on merchant UPI (Unified Payments Interface) transactions done using prepaid payment instruments (PPIs) such as wallets or cards with effect from April 1, 2023.
