-- An article by Gopi Shah The National Payment Corporation of India (NPCI) has recommended an interchange fee on UPI deals of over Rs 2,000 made through Prepaid Payment Instruments (PPIs). What does this mean for consumers who are making payments through UPI? Are UPI transactions no longer free? We answer all questions. Busting Myths 1. General UPI payments won't be charged starting April 1, 2023 2. Only some digital wallet payments will be charged. 3. Users won't be impacted by the change. Only some merchants will need to pay the interchange fee. Will UPI transactions be charged? No. That isn't going to be. The new rule recommended by NPCI does not change anything for general consumers. Who will be impacted by the new rule? It will only impact merchants who accept payments through the PPI system. Payment of Rs 2000 and over will only be charged. What does PPI payment mean? PPI payment simply means payments through digital wallets. For instance, any payment made

Author-Dr.Aishwarya Nair