75% of UPI users would discontinue service with transaction fees, per a Localcircles survey.

A Localcircles survey found that 75% of UPI users would discontinue the service if transaction fees were imposed. Conducted with 42,000 participants, it revealed that 38% of users rely on UPI for over half of their transactions. The National Payments Corporation of India reported a 57% increase in UPI transaction volume and a 44% rise in value for the 2023-24 fiscal year, underscoring users' resistance to potential fees.

September 22, 2024
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