https://www.taxtmi.com/news?id=37868 The government approved an Incentive Scheme for low value BHIM UPI P2M transactions for FY2024 25, covering transactions up to Rs 2,000 with an incentive of 0.15% per transaction and coverage of 55% of merchant transactions; 80% of admitted quarterly claims to acquiring banks will be disbursed unconditionally and 20% subject to fulfilment of conditions, with payments made to acquirers and shared among issuer banks, payment service providers and app providers to enable UPI acceptance by small merchants at no additional cost. en-us Wed, 19 Mar 2025 21:01:03 +0530 Wed, 19 Mar 2025 21:01:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=37868 The government approved an Incentive Scheme for low value BHIM UPI P2M transactions for FY2024 25, covering transactions up to Rs 2,000 with an incentive of 0.15% per transaction and coverage of 55% of merchant transactions; 80% of admitted quarterly claims to acquiring banks will be disbursed unconditionally and 20% subject to fulfilment of conditions, with payments made to acquirers and shared among issuer banks, payment service providers and app providers to enable UPI acceptance by small merchants at no additional cost. News - Wed, 19 Mar 2025 21:01:03 +0530 https://www.taxtmi.com/news?id=37868