No charges for normal UPI-based digital payments, clarifies NPCI
Image Credit: daily pioneer
The National Payments Corporation of India (NPCI) cleared the air on Wednesday about the recently introduced interchange charges, saying they are only applicable for the prepaid payment instruments (PPI) transactions and there is no charge to customers. It also clarified that there will be no charges for the bank account to bank account-based UPI payments -- normal UPI payments.