0.3-0.5% is still nowhere near the rates of visa and mastercard. Does UPI offer the same level of fraud protections or is it a free for all like Zelle is here in the states? Especially if they limit to > 2000 rupees.

Hopefully they allow foreigners some track to access UPI in the future.

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zipy124 2 hours ago | parent | next [-]

Aren't debit transactions capped at 0.2% in the EU and credit 0.3%?

	▲	KellyCriterion 2 hours ago \| parent [-]
		in the EU, yes, but not in India with UPI ;-)

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danielmarkbruce 2 hours ago | parent | prev | next [-]

Visa & MasterCards actual take is way lower than that. The fees that merchants see on cards are mostly collected by the banks - "interchange".

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thesimon an hour ago | parent | prev [-]

> Hopefully they allow foreigners some track to access UPI in the future.

https://havemony.com

Not cheap and only to business QR codes (so proper shops which probably will take credit card anyway), but it works.