UPI Transactions to Be Charged?? Shocking Report. UPI payment method is the trending culture of this generation people. People pay for their purchases through the UPI pin in whenever for whatever. UPI transaction methods made the life easy for this era. Now a shocking update is circulated. There is a chance to charge for the UPI payments soon. To know more details read this page until the end.
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Unified Payment Interface – UPI transactions will likely be charge. Transactions made through UPI are free of cost at present; the Reserve Bank of India has now get feedback from stakeholders on the possibility of imposing a tiered charge on them. The RBI sought responses and suggestions from stakeholders by October 3 this year regard this.
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As per the RBI discussion paper, “Based on the feedback received, RBI would endeavour to structure its policies and streamline the framework of charges for different payment services / activities in the country. At this stage, it is reiterated that the RBI has neither taken any view nor has any specific opinion on the issues risen in this discussion paper”.
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