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The clarification comes after some users received notifications stating that wallets inactive for more than 12 months could attract a maintenance charge of up to Rs 100 per quarter.
The story behind ICICI Bank's interchange recovery effort starts with merchant category codes and the economics they shape.
The penalty stems from Paytm's purchase of e-commerce firm Little Internet nearly eight years ago.
Interestingly, not just payment aggregators, the has decided to charge some large merchants – who use the bank’s UPI directly.
With Raise Financials, Filter Coffee will expand its content across short-form videos, and long-form storytelling, delivering fresh perspectives on India’s financial markets.
