India

These People Using UPI May Get A Shock; May Have To Pay An Extra Charge

Everyone uses UPI payment in India, so the number of UPI users continuously increases. But now, important information related to this has come to light. This information may worry users who use credit cards more for UPI payments. Today, we are going to share this information with you.

Who Will Have To Pay The Charge?

Users using credit cards may have to pay. However, no official announcement has been made about this yet. However, experts have given this information while talking to the Economic Times.

Rupay Credit Card

Most banks are using this network because Rupay is India’s network. While Visa and Master Card were used earlier, big banks also issued credits on this network.

How Much Will Be The Charge

However, experts have not provided information about this. However, the MDR charge can change. Currently, no charge for making payments has also been issued. Now, keeping in mind the increasing number of transactions, this decision has been made.

When Can The Charge Be Imposed?

Although no official information has been given, experts say these changes can be made soon. After this, you may have to pay this charge when making a payment using a credit card on Google Pay, PhonePe, Paytm, or any payment app.

Ashish is the founder, CEO, and editor-in-chief of our organisation. He has a strong background in journalism and is responsible for setting our organisation's overall direction and strategy and overseeing all editorial operations.

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