No Charges for UPI Users
Vast Majority of the Transactions to Remain Free of Charge for Merchants as well.
Amendment to the Payment and Settlement Systems Act (PSS Act) an Enabling Provision to Ensure further proliferation of Financial Inclusion, UPI’s Long-Term Sustainability, Technological Advancement, and Resilience Against Emerging Risks. The Government of India wishes to categorically state: No charges for users: Consumers making payments will not face any transaction charges. P2P transactions free: All…