No Proposal to Impose Fees on UPI: Finance Ministry Reaffirms in Lok Sabha

The Finance Ministry has publicly reaffirmed in the Lok Sabha that there is no proposal to impose fees on Unified Payments Interface (UPI) transactions. This statement comes as a relief to millions of users and merchants who rely on the free digital payment service. The clarification was made to quell widespread concerns that had arisen following comments from a high-ranking official about the sustainability of free payment services. The government emphasized its commitment to promoting digital payments and noted that it has already disbursed significant incentives to support the UPI ecosystem. The ministry's official statement aims to provide clarity and maintain public confidence in India's highly successful digital payment infrastructure.