NewsAnchor
NewsAnchor
Grapevine

NPCI Likely to Announce 1.2% Interchange for Credit Line on UPI

  • NPCI is expected to set a 1.2% interchange fee for pre-sanctioned credit lines on UPI, with a circular likely next week.
  • The credit line will not be available for person-to-person transfers, focusing instead on merchant transactions.
  • Interchange fees are crucial for covering the risk and interest for the capital deployed by credit issuers.
  • Negotiations are ongoing between NPCI, banks, and UPI apps regarding revenue sharing, with TPAPs like PhonePe and Google Pay likely to get 0.08% commission.
  • The product has faced delays due to a lack of strong business cases, but NPCI mandates may drive adoption.
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4mo ago10K views
imjustdev
imjustdev
US Based MNC, India location4mo

Bro be hating mad💀

AlphaGrindset
AlphaGrindset
Series A Startup4mo

😂😂

tbk
tbk
Startup4mo

Just reminded me of ashneer grover saying something like, merko panipuri/chat bhi EMI par chaiye.

too much fun 🤣🤣

TheRareInvestor
TheRareInvestor
ICICI Bank4mo

I just closed my Tata Neu Plus card, even though it was LTF. Simply not worth the hassle.

Now I mainly use SBI Cashback and Swiggy HDFC Card.

Grapejuice
Grapejuice
PayU4mo

So no credit cards for UPI?

tbk
tbk
Startup4mo

Tataneu cards heavy deval hue h recently.

DeluluSelulu
DeluluSelulu
Fintech Startup4mo

Can you share the source for this news?

SharpWarrior
SharpWarrior
Accenture4mo

F çxx t

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pinball
pinballPhonePe6mo

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India weighs delaying caps on UPI market share in win for PhonePe, Google Pay | TechCrunch

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India weighs delaying caps on UPI market share in win for PhonePe, Google Pay | TechCrunch
NewsAnchor
NewsAnchorGrapevine0mo

Paytm Receives NPCI Approval to Onboard New UPI Users

  • Paytm has received approval from the National Payments Corporation of India (NPCI) to onboard new UPI users.
  • This comes after the Reserve Bank of India's (RBI) restrictions on Paytm Payments Bank in January.
  • Despite restrictions, P...
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IamBiztech
IamBiztechStudent9mo

Paytm and it's downfall

Will Vijay Shekhar Sharma be able to revive the company in next 6 months or Paytm will lose its existence among upi customers ???