Transaction cost on Rupay credit card to rise for these merchants as interchange fees for select categories go up starting May 1, states NPCI

Starting May 1, 2025, NPCI is set to increase interchange fees for Rupay credit cards, affecting both domestic and international transactions. This change, which includes GST, might lead to merchants, particularly smaller ones, to pass on the costs to consumers, potentially impacting their expenses. Generally, interchange fees is paid by the acquiring bank to the card-issuing bank.