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Lok Sabha Passes Bill Enabling Charges on UPI and Digital Payment Transactions

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The Lok Sabha has passed a bill that would allow service charges to be levied on UPI and other digital payment transactions. Until now, UPI transactions had been exempt from such fees, unlike real-time payment methods like RTGS and NEFT, which already carry service charges. The new legislation marks a significant policy shift in how digital payments may be treated in India. This move could affect millions of users who rely on UPI for everyday cashless transactions.

Read the full story at NDTV

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Lok Sabha Passes Bill Enabling Charges on UPI and Digital Payment Transactions · ShortSingh