No plan to levy charges on UPI, clarifies Finance Ministry

Government has clarified that there is no any plan to levy any charges for UPI services.  In a series of tweets, Finance Ministry said, UPI is a digital public good with immense convenience for the public and productivity gains for the economy. The clarification came amid some reports that there may be possibility of UPI transactions charge. The Ministry said, the concerns of the service providers for cost recovery have to be met through other means. It said, government had provided financial su...