According to here: https://www.thehindubusinessline.com/money-and-banking/npci-recommends-up-to-11-interchange-fee-on-upi-transactions-of-over-2000-via-ppis/art

According to here: https://www.thehindubusinessline.com/money-and-banking/npci-recommends-up-to-11-interchange-fee-on-upi-transactions-of-over-2000-via-ppis/article66672519.ece/amp/ https://www.thehindubusinessline.com/money-and-banking/npci-... Doesn’t apply for transactions less than ₹2000 ($24 usd). Might sound like a small amount but most Indian transactions won’t cross that. And the fee doesn’t apply to p2p anyway.