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In a recent development, the NPCI introduced interchange fees of up to 1.1 per cent on merchant UPI transactions done using prepaid payment instruments and said that this would be applicable from April 1. How will this affect business? Anshika Kayastha, Principal Correspondent, explains.
By BusinessLineIn a recent development, the NPCI introduced interchange fees of up to 1.1 per cent on merchant UPI transactions done using prepaid payment instruments and said that this would be applicable from April 1. How will this affect business? Anshika Kayastha, Principal Correspondent, explains.

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