Welcome to the world of facts and news: PhonePe, Google Pay May Be Hit by NPCI's New Zero UPI Interchange, Payment Service Provider Fees Rule

PhonePe, Google Pay May Be Hit by NPCI's New Zero UPI Interchange, Payment Service Provider Fees Rule

Through a circular on Friday, the National Payments Corporation of India (NPCI) said that it has agreed to revise the UPI interchange and payment service provider fees to "zero" for all domestic UPI merchant (P2M) transactions with retrospective effect from January 1, 2020.

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