UPI Payments to Remain Free for Consumers and Small Merchants in India

India's Payments Council has confirmed that UPI (Unified Payments Interface) transactions will continue to be free for consumers and small merchants, following a Lok Sabha Bill that authorized the government to permit charges on UPI payments.

7 Aug, 18:41 — 7 Aug, 18:41

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ndtvMostly Factual18d ago

UPI Will Stay Free For Consumers And Small Merchants: Payments Council

The statement comes a day after the Lok Sabha passed a Bill to amend the Payment and Settlement Systems Act, 2007, which authorises the government to permit banks and other service providers to levy charges on payments through UPI.

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UPI Payments to Remain Free for Consumers and Small Merchants in India

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UPI Will Stay Free For Consumers And Small Merchants: Payments Council

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