Payment And Settlement Systems Act
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UPI Will Stay Free For Consumers And Small Merchants: Payments Council
The statement comes a day after the Lok Sabha passed a Bill to amend the Payment and Settlement Systems Act, 2007, which authorises the government to permit banks and other service providers to levy charges on payments through UPI.
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Lok Sabha Passes Bill To Allow Charges On UPI, Other Digital Payments
Real-time payments made through RTGS and NEFT are done by paying a service charge. However, UPI transactions have been exempted from such charges so far.
-
UPI Will Stay Free For Consumers And Small Merchants: Payments Council
The statement comes a day after the Lok Sabha passed a Bill to amend the Payment and Settlement Systems Act, 2007, which authorises the government to permit banks and other service providers to levy charges on payments through UPI.
-
Lok Sabha Passes Bill To Allow Charges On UPI, Other Digital Payments
Real-time payments made through RTGS and NEFT are done by paying a service charge. However, UPI transactions have been exempted from such charges so far.
