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News Discussion
News Discussion
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CosmicTaco
CosmicTaco
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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11mo ago
Talking product sense with Ridhi
9 min AI interview5 questions
Round 1 by Grapevine
SnoozyMarshmallow
SnoozyMarshmallow
Stealth11mo

Bro be hating mad💀

WigglyBanana
WigglyBanana
Stealth11mo

😂😂

CosmicQuokka
CosmicQuokka
Paralleldots11mo

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

too much fun 🤣🤣

SwirlyMuffin
SwirlyMuffin
Stealth11mo

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.

SnoozyDumpling
SnoozyDumpling
Career Break11mo

So no credit cards for UPI?

CosmicQuokka
CosmicQuokka
Paralleldots11mo

Tataneu cards heavy deval hue h recently.

DizzyNugget
DizzyNugget
Stealth11mo

Can you share the source for this news?

SillyBiscuit
SillyBiscuit
Accenture11mo

F çxx t

SleepyNugget
SleepyNugget
Signify11mo

Sab lootna chahte hai

SnoozyDumpling
SnoozyDumpling
Career Break11mo

Bhari sankat aarahi hai

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