Sunday, August 30, 2020

I-T dept warns banks against levying UPI fee

Last year, the government had inserted a new provision mandating every business with annual turnover of Rs 50 crore or more to provide customers the choice of making payment through prescribed modes of payment. The list includes systems such as BHIM UPI, UPI-QR Code, Aadhaar Pay, certain debit cards, NEFT and RTGS.

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