Sad News National payments corporation recommends PPI charges for merchant transactions via UPI

[Kuttusan]

NPCI recommends PPI charges for merchant transactions in UPI

From April 1, using Prepaid Payment Instruments (PPIs) on UPI from will attract interchange at 1.1 percent on transaction value for amounts over Rs 2,000.

www.cnbctv18.com

 

[iDJ]

Ofcourse, it can't be free forever.

 

[Masterji]

Its actually good for us.These charges can be used for building a robust infrastructure for the UPI which results in reduction of failure rate and other transaction failures.Its a win- win situation for both the customers as well as the banks.

 

[Prithi Deb]

Its actually good for us.These charges can be used for building a robust infrastructure for the UPI which results in reduction of failure rate and other transaction failures.Its a win- win situation for both the customers as well as the banks.

Only a small percentage of people like us will think like that.
Majority of the people will move back to cash/cards, etc even if it's just ₹1.

 

[Masterji]

Only a small percentage of people like us will think like that.
Majority of the people will move back to cash/cards, etc even if it's just ₹1.

It's a sad reality of our people. Most of them don't care about the failure rates of transactions as long as they are free.

 

[Jr MGR]

https://twitter.com/x/status/1640964585267281926

Source

 

[Raviteja]

Clickbait websites and Youtube videos created an unwanted new sense by spreading fake news. Many are using bank-to-bank transfers only and wallets are already charging for loading them with CC so people avoid that option. This will impact only very few people and they will use bank-to-bank instead of wallet-to-bank mode.

 

[Prithi Deb]

https://twitter.com/x/status/1640975247464706051

Source

 

[KGF]

This for people who have lots of money in their e-wallets but no option to pay anywhere other than one or two platforms. This will be welcomed by them.

 

[Kuttusan]

https://twitter.com/x/status/1641005609855369217

Source