New fee on some UPI payments doesn’t address industry’s main challenges
Rather than impose a 1.1% charge on UPI transactions above ₹2,000 made from prepaid payment instruments such as wallets, the NPCI should compensate intermediaries for all UPI payments using funds from the government, RBI and commercial banks
Rather than impose a 1.1% charge on UPI transactions above ₹2,000 made from prepaid payment instruments such as wallets, the NPCI should compensate intermediaries for all UPI payments using funds from the government, RBI and commercial banks