Poket News

Government clarifies there is no plan to levy any charges for UPI services

 

  • The Finance Ministry said, UPI is a digital public good with immense convenience for the public and productivity gains for the economy. 
  • The clarification came amid some reports that there may be a possibility of UPI transactions being charged. 
  • It said, the government had provided financial support for the Digital Payment ecosystem last year and has announced the same, this year as well to encourage further adoption of Digital Payments and promotion of payment platforms that are economical and user-friendly.