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UPI costs Rs 20,700 crore, government allocation just Rs 2,000 crore: Parliament Panel
A parliamentary committee suggests a self-reliant revenue model for UPI's financial sustainability. Amendments to the Payment and Settlement Systems Act now permit transaction charges on digital payments. The committee noted a significant funding gap between allocations and operational costs. Future merchant discount rate charges will be nominal and apply to limited high-value transactions.
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thehindubusinessline.com
UPI is not a ‘cost’ to be recovered
India should not weaken its most successful digital public infrastructure merely to collect a small fee, or to placate US interests
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Mutual funds and distributors fret over fee on UPI transactions
The government has recently proposed levying a nominal merchant discount rate (MDR) on a limited set of UPI merchant transactions above a certain threshold
