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Home Personal Finance NPCI cleanliness on UPI transactions, now know what will be the effect...

NPCI cleanliness on UPI transactions, now know what will be the effect on your pocket

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UPI Payment: Now make payment in Nepal through Paytm, PhonePe, Google Pay and Bharat Pay

Regarding the UPI transaction, the National Payments Corporation of India (NPCI) has made it clear that no additional charge will be charged. Actually, it was being claimed in many media reports that from the new year, an additional charge will have to be given on UPI transactions.

You do not have to pay any extra charge on UPI Transaction. National Payments Corporation of India (NPCI) has made it clear that no additional charge is being levied on UPI transactions from the new year. Customers will be able to transact on Amazon Pay, Google Pay and Phone Pay as before, without any extra charge.




No charge on UPI payment (No charge on UPI payment)

NPCI said that in some media reports it is being said that from the new year additional charges will have to be paid on UPI transactions, which is wrong. Seeing the concerns of the customers, NPCI has sent this message to everyone. National Payments Corporation of India (NPCI) said that all users can continue UPI transactions as before.

Transaction as before.

Earlier some media reports had claimed that Amazon Pay, Google Pay and Phone Pay may have to pay additional charges on UPI transactions as NPCI paid on payment of third party app service companies from January 1, 2021 to 30 Have decided to apply percent cap. But now it has been clarified that there is no truth in it. There is no charge of any kind. Therefore, there is a big relief news for all those customers who use UPI for transactions.




What is UPI

Unified Payment Interface (UPI) is a real time payment system. It can instantly transfer money to a bank account through a mobile platform. Through this, you can transfer money from one bank to another bank only by mobile number. Through this, you can link a bank account to many UPI apps.

Also Read: Credit Card vs UPI vs Mobile Banking app: Who is better among these three for contactless payments, know the complete details here

 

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