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LATEST NEWS UPDATES | No proposal to charge UPI payments, says FinMin -Shayan Ghosh

No proposal to charge UPI payments, says FinMin -Shayan Ghosh

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published Published on Aug 22, 2022   modified Modified on Aug 22, 2022

-Livemint.com

The Centre put to rest speculation following a recent RBI discussion paper on digital payment charges

MUMBAI: The finance ministry on Sunday said the government is not planning to charge for payments through the unified payments interface (UPI) channel, putting to rest speculation following a recent Reserve Bank of India (RBI) discussion paper on digital payment charges.

“UPI is a digital public good with immense convenience for the public and productivity gains for the economy. There is no consideration in government to levy any charges for UPI services. The concerns of the service providers for cost recovery have to be met through other means," said a tweet from the official handle.

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Livemint.com, 22 August, 2022, https://www.livemint.com/industry/banking/no-proposal-to-charge-upi-payments-says-finmin-11661102118806.html


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