Business5 hours ago
Naughty 😇•20%
UPI Transaction Charges Explained: Who Pays and Who Benefits?
UPI transactions under ₹2,000 remain free, ensuring accessibility for users. A new Finance Ministry notification proposes a 0.4% charge on larger merchant payments, benefiting banks with 40% of the fees. Peer-to-peer transfers will continue to be free, making UPI a cost-effective option for small transactions.
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"Looks like small transactions are still in the clear!"
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File ID: #392773Original Source: LiveMint Money ↗
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