Producer: Priyanka Das Editor: Manuj Yadav
Deactivation of Inactive UPIs: UPI IDs and linked mobile numbers that haven’t been used for transactions for over 12 months will be deactivated. This aims to curb dormant accounts and potential misuse.
Interchange Fee: For specific merchant UPI transactions exceeding Rs 2,000 and conducted through prepaid payment instruments (PPI) such as online wallets, an interchange fee of 1.1 percent will apply.