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Fintech wars intensify as Paytm, Pine Labs, and PhonePe rivalry spills onto social media

After Paytm s front-page ad on a national daily, Pine Labs came up with their digital ad campaign saying, The front page can be bought. Trust cannot.

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Unified Payments Interface, UPI charges, UPI payments, NPCI: Paytm, PhonePe Clarify UPI Transactions Still Free For All Customers

Paytm has issued a clarification regarding UPI-related fees after the National Payments Corporation of India (NPCI) notified that merchant transactions of over Rs 2,000 done through the Unified Payments Interface will attract up to a 1.1% interchange fee.

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No customer will pay any charges, clarifies Paytm on new UPI interchange fee

Paytm Payments Bank said that that the interchange fees will not be applicable on customers.

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UPI payments: Which transactions will attract NPCI s 1 1% interchange fee? Check details here

UPI transaction surcharge: The transactions of over Rs 2,000 using prepaid payment instruments (PPIs) – wallets or cards – will attract these charges.

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Will UPI Users Pay Extra Charge For Online Payments? Check What Paytm Replies

Paytm in a tweet said regarding the NPCI circular on interchange fees and wallet interoperability, no customer will pay any charges on making payments from UPI either from a bank account or PPI/Paytm Wallet. aaa

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