Traders’ organisations have withdrawn the October 2 “No UPI Day” protest after meeting Finance Minister Nirmala Sitharaman over the proposed 0.4 per cent fee on eligible merchant UPI transactions above Rs 2,000.
When Prime Mi n i s t e r Narendra Modi launched BHIM UPI (Bharat Interface for Money – Unified Payments Interface) App during the inauguration of the “DigiDhanMela” on December 31, 2016, he had urged people to make digital payments a habit to transform the country into a cashless economy. Recently he recalled the.
PM Modi marks 10 years of UPI, praising its scale and reach as India's digital payment platform records massive growth in transactions and global adoption.
The BJP clarified that UPI charges will not be imposed on common citizens and will only apply to certain commercial transactions after the Lok Sabha passed an amendment Bill.
New Delhi: The Unified Payments Interface (UPI) transaction volumes rose 22 per cent (year-on-year) to 23.66 billion in July, while UPI transaction value surged 19 per cent to Rs 29.88 lakh crore last month, according to data released by the National Payments Corporation of India (NPCI) on Saturday. On an average basis, UPI processed around.
