Tag: New rules of UPI

Big updates for UPI users, fees on transactions may be charged, government is planning this

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Big updates for UPI users, fees on transactions may be charged, government is planning this

If you do UPI transactions then there is a big update. The government is considering imposing merchant fees on the payment from UPI and RuPay Debit Card. Right now whenever a customer pays with UPI or RuPay Debit Card, Businesses do not have to pay any fees. However, it has not always been so. Before 2022, merchants used to pay a minor fee to banks to process these transactions. & Nbsp; Will it affect customers? If the government again implements this fee, then it will not have a direct impact…

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These UPI transactions will stop working from today due to new order

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These UPI transactions will stop working from today due to new order

There is big news for people using UPI payment app. From today, no UPI app will be able to use special character in the transaction ID. By doing this, payment will stop from today. If an app generates a transaction ID with special character, the central server will reject that payment. The National Payment Corporation of India (NPCI) had released this circular business users, but it will also have an impact on the common people. Why was this decision taken? The NPCI wants to make the process of generating IDs…

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Will UPI transaction be closed from 1 February? If app does this work, you will not be able to send money, check today

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Will UPI transaction be closed from 1 February? If app does this work, you will not be able to send money, check today

If you use UPI payment app, then this news is of your use. Actually, no UPI app from February 1 will be able to use special character to generate transaction id. If an app uses special character in the transaction ID, the central system will cancels that payment. The National Payment Corporation of India (NPCI) issued these guidelines for business users, but it is also going to affect common customers. so changes are being done NPCI wants to make the process of generating IDs standard standard. Therefore, it has ordered…

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