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

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.
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