New UPI rules claiming charges for payments above Rs 2000 trigger meme fest

-

Unified Payments Interface (UPI) has eased the life of every Indian in terms of transactions. However, National Payments Corporation of India (NPCI) has recently made an announcement that has been misunderstood by the users. Many people are thinking that they will be charged on making UPI payments. NPCI has made it clear that the interchange charges introduced are only applicable for the Prepaid Payment Instruments (PPI) merchant transactions. The misinterpretation of the new announcement has triggered a meme fest on social media and users are expressing their displeasure via humour. Let’s have a look at some of the hilarious memes people have shared on social media to show their displeasure with the latest development regarding UPI.

A user posted a meme where Rajinikanth can be seen saying, “Kyu hila dala na?” (What happened? Did I give you a shock?). According to the user, this is what UPI is saying to everyone right now.

A person explained through a picture what will happen after UPI payments become chargeable. In the picture, a teaseller can be seen with a board kept near him that reads, “Crypto accepted here.”

An account shared how he will start embracing cash and leave UPI payment apps if the UPI transactions become chargeable.

Another user echoed a similar thought and expressed via a meme that Indians will shift towards cash payments after the UPI charges come into effect.

NPCI took to Twitter to clarify the confusion among users. The body said, “Traditionally, the most preferred method of UPI transactions is linking the Bank account in any UPI-enabled app for making payments which contributes over 99.9 per cent of total UPI transactions.” It went on to say that these bank account-to-account transactions will remain free for customers and merchants.

Have a look at NPCI’s announcement here:

According to NPCI, PPI Wallets have been allowed to be a part of interoperable UPI ecosystem. So, the organisation has now permitted the PPI wallets to become a part of this ecosystem and introduced interchange charges only for the PPI merchant transactions.



from Firstpost India Latest News https://ift.tt/FmGYH1z
FP Trending

Comments

Post a Comment

Popular posts from this blog

Both COVID-19 vaccine doses needed for good protection against B16172 variant

-
It’s been a concerning few weeks in the UK, with the B16172 variant first taking hold and then spreading to become dominant. This more infectious form of the virus, initially identified in India, is what we’re now going to have to live with – unless it is out-competed by another variant in the future. Worryingly, experts had predicted that B16172 might be able to escape some of the effects of vaccines, which if true would threaten to derail the UK’s plans to finish lifting restrictions from the end of June. However, Public Health England (PHE) has looked at the ability of various variants to evade immunity and says that the UK’s vaccines remain effective against the variants circulating, including B16172. On the surface, this looks like good news. But delve a bit deeper, and things get more complicated, says Paul Hunter, professor of medicine at the University of East Anglia. PHE’s research found a little drop-off in protection against B16172 among people who were fully vaccinated.
Read more

New coronavirus variant emerge in India: How should our COVID response change?

-
Image
After genome sequencing of over 10,000 COVID-19 cases in India, researchers have discovered a new variant with two new mutations which may be better at evading the immune system. In 15-20 percent of samples from the Indian state of Maharashtra (the state accounting for 62 percent of cases in the country) a new, double mutation in key areas of the virus has been detected. These are now known as the E484Q and L452R mutations. What makes the variant different? Both these mutations are concerning because they are located in a key portion of the virus – the spike protein – that it uses to penetrate human cells. Spike proteins attach via a “receptor binding domain”, meaning the virus can attach to receptors in our cells. These new mutations include changes to the spike protein that make it a “better fit” for human cells. This means the virus can gain entry more easily and multiply faster. Given what we have seen with other similar mutations , it might also make it harder for our immu
Read more

120 flights delayed, 30 trains running late; Delhi fog & cold wave continue to give shiver to travellers

-
Arrival and departure of 120 flights, both domestic and international, to Delhi airport were affected due to dense fog and cold wave conditions on Wednesday, according to Delhi Airport FIDS (Flight Information Display System). As per the Delhi Airport FIDS, a total of 53 flights, including 21 domestic arrivals, 16 domestic departures, 13 international departures and three international arrivals scheduled are cancelled and not operating due to fog and other operational reasons from and to Indira Gandhi International (IGI) Airport in the national capital on 17 January. #WATCH | Delhi: Several flight operations delayed at IGI airport due to low visibility amid fog. pic.twitter.com/hG1DUKllEt — ANI (@ANI) January 17, 2024 Visuals from the Delhi airport showed passengers waiting outside, checking update of their scheduled flights. There were also some people waiting for flight of their families, friends and loved ones to arrive, which got delayed due to fog. #WATCH | Delhi | Pas
Read more