Will there be a charge on UPI payment? Big information revealed, know everything here
If you make UPI payment with the help of credit card, then big information has come out for you. Very soon, you may have to pay a separate fee for using UPI, which may bother you a bit.
Everyone uses UPI payment in India. This is the reason why the number of UPI users is also continuously increasing. But now big information related to this has come to light. Actually, this information may cause some concern to those users who use credit cards more for UPI payments. Today we are going to share this information with you.
Rupay Credit Card
Rupay payment network was brought by India. That means it was a completely Indian network which gave tough competition to America's Visa and MasterCard networks. Now credit cards are being issued by big banks on this network. Most of the users are also using this. This is the reason why its market share has reached 30 percent today.
Will there be a charge?
Experts say that people have now started using credit cards more for big payments. Now because MDR charge is imposed on payment of more than Rs 2 thousand. Now that credit cards are being used more, the charges may also be increased. That means you may have to pay charges even on small payments. But its official information has not been given yet.
Banks are planning
Banks are still making plans regarding UPI payment with the help of credit card. Because the number of making credit card payments is continuously increasing. Banks like Bank of Baroda and HDF are also paying attention to this. This is the reason why focus is being placed on Rupay Credit Card. There are also many apps which are promoting UPI payment through credit card. Now it can also be used in such a situation.
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