upi interchange fee

What is UPI Interchange Fee And How Does It Impact Payments?

The National Payments Corporation of India (NPCI) recently introduced an interchange fee structure for Unified Payments Interface (UPI) transactions made through prepaid payment instruments (PPIs) like digital wallets.  But what…

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Payment Processing Challenges

Payment Processing Challenges: 7 Important Things to Know

As e-commerce grows, payment processing has become essential for online businesses but presents several challenges. One major challenge is transaction fees from payment processors, which can eat into profits significantly…

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what is edc machine

What is EDC Machine? A Complete Guide

EDC or Electronic Data Capture Machine, commonly known as a payment terminal or card machine, is an electronic device that allows merchants to accept card payments from customers.    In…

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rbi latest upi innovations to enhance digital payments

Rbi Latest Upi Innovations To Enhance Digital Payments

UPI currently dominates online payments in India, clocking over 22.7 billion transactions worth $768 billion in FY23. Seeing UPI’s tremendous success, RBI recently unveiled several new features to accelerate adoption…

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cross border payments in India

Cross Border Payments in India: Current Challenges and Future Opportunities

In today’s interconnected world, cross border payments have become vital to international trade and commerce. As one of the world’s fastest-growing economies, India plays a significant role in global trade…

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