Govt may consider 0.3% fee to maintain UPI payment system & ensure financial viability: IIT Bombay study

  • According to the study titled “Charges for PPI-based UPI payments—The Deception,” the 0.3% facilitation charge could bring in about Rs 5,000 crore in 2023–2024.
  • As per the present law, no bank or system provider who operates UPI shall impose, whether directly or indirectly, any charge upon a person making or receiving payment by using UPI as a mode of payment.


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