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All UPI transactions made via prepaid instruments will attract an interchange fee of 1.1% for merchant payments above Rs 2,000 from April 1.
The charge will kick in when a customer having a wallet of one particular company makes a payment to a merchant, who has a wallet of another company.
The charges are applicable only for prepaid payment instruments like wallet and credit cards.
Remember to follow these regulations to enjoy a secure mobile wallet experience.
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