Majority of UPI users may stop online transactions if charges are introduced, according to a survey by LocalCircles.

A recent survey by LocalCircles reveals that a majority of UPI users may stop online transactions if charges are introduced, as many users have adopted UPI due to zero transaction fees. The survey also found that 37% of UPI users experienced transaction fees in the last 12 months. Finance Minister Nirmala Sitharaman clarified that there is no proposal to levy charges on UPI transactions.

March 03, 2024
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