the unified payment interface upi has emerged as the preferred mode of digital payment by offering free fast secure and seamless experience traditionally it said the most preferred method of upi transactions is linking the bank account in any upienabled app for making payments which contribute over 999 of total upi transactionshowever the upi can now be used to send money from prepaid wallets like paytm amazon pay mobikwik and other prepaid wallets to upi recipients using either qr code or upi handle the national payments corporation of india npci has now permitted the prepaid payment instruments ppi wallets to be part of interoperable upi ecosystem and levied 11 charge on upi transactions above rs 2000 while using ppi the interchange charges introduced are only applicable for the ppi merchant transactions and there is no charge to customers and it is further clarified that there are no charges for the bank account to bank accountbased upi payments ie normal upi payments it saidheres all you want to know about the latest changes in the upiwho will this benefitthose who load money in prepaid wallet but do not like linking bank accounts to upi can use wallets for payments without integrating bank accounts with upi shops will now be able to accept upi payments from these usersare there new chargesfor those using bank accounts for upi payments nothing changes on the new facility wallet on upi large shops and for transactions above rs 2000 the merchant will pay a 1 feeis there any fee for walletuserwallet user will not incur any charge for payments for loading money into wallets using upi there will be no charge as long as amount is below rs 2000 irrespective of how many times the user loads money for loading over rs 2000 there will be a 015 fee which works out to rs 3 on rs 2000 is upi not supposed to be freeupi is mandated to be free by the government for the basic purpose of account to account transfer when merchants use upi infrastructure to accept other instruments prepaid cards or credit cards there will be a fee