UPI Transaction fees and new charges and fee | Google Pay, Paytm, Phone Pe charges and fees

Описание: UPI transaction fee is known to be imposed for the transactions above Rs 2000 From 1 April 2023

United payments interfaces or UPIs are widely popular in India and the apps like Gpay, Paytm, Phone Pe and Amazon are widely used by millions of people for the transactions.

Currently there are no charges for any transactions and 99% of the UPI transactions are P2P transactions. UPI transaction fee video in malayalam is trying to analyse how the carges are levied on transactions.

This upi malyalam video is explaining how the UPI interchange fee which is proposed to impose from 1 April 2023 works and it explains the way it charges. Actually the charges is for the transactions from prepaid payment instruments such as Wallets, Vouchers etc and no charges are proposed for P2P transactions.

Wallets like paytm wallet and Amazon pay are used by many and as per the new charging structure merchants have to pay a interchange transaction fee of up to 1.1% for the transactions.

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