Finance
By: Shree1news, 01 JAN 2021
National Payments Corporation of India (NPCI) on Friday dismissed the news reports about UPI transactions being charged from January 1, 2021 is incorrect. NPCI further requested users not to fall prey to such incorrect information.
Many news media outlets reported that NPCI will levy an additional charge on UPI payment services – those belonging to 3rd party-app providers – from 1 January 2021.
“NPCI has urged all the customers to not believe in such stories and continue to carry out uninterrupted and handy UPI transactions,” it mentioned in a release.
The NPCI, on 5 November, had introduced a cap of 30% on complete volume of UPI (Unified Payments Interface) transaction processes by Third Part App (TPA) providers, which was to come into place from January 2021.
Source: A-N
