interchange

The government has announced new details of an agreement with Visa and MasterCard that will see them lower the amount that they charge retailers when a customer pays for a purchase with a credit card.Known as so-called interchange fees,…

UPI merchant transactions of more than Rs 2,000 made via prepaid payment instruments (PPI) will carry an interchange fee starting April 1, 2023.A recent circular issued by the National Payments Corporation of India (NPCI), using PPIs on…

National Payments Corporation of India (NPCI) on Wednesday said there is no charge for the bank account to bank account-based UPI payments or normal UPI payments. Photograph: PTI Photo However, interchange charges are only applicable for…

The National Payments Corporation of India (NPCI) has set the interchange fee at 1.1% for merchant transactions initiated using a Prepaid Payment Instrument (PPI) such as mobile wallets on the Unified Payments Interface (UPI) network.The…

Delhi Metro has announced the RK Ashram Marg Metro station on the blue line will be the new interchange hub of the DMRC network. The blue line of the metro connects Dwarka metro station with Vaishali/ Noida Electronic city. It is to be…

As of March 29, the Delhi Metro Rail Corporation (DMRC) has opened a new interchange station in Punjabi Bagh which will allow interconnection between the Green Line and the Pink Line of the Delhi Metro. This is the first station to be…