NEW DELHI: National Payments Corporation of India (NPCI) on Friday said transaction through Unified Payment Interface (UPI) platform would continue to be free.
Reports that UPI transactions will be charged from January 1, 2021 are incorrect, NPCI said in a statement.
Presently, no charges are levied on transaction done through UPI.
NPCI continues to perform uninterrupted and convenient UPI transactions, it said.
Set up in 2008, NPCI is an umbrella organization for operating retail payments and settlement systems in India.
Source: ToI
You may also like
-
When Trade Routes Become Weapons: Why BRICS Needs a Resilient Supply-Chain Architecture
-
India’s Trade With BRICS More Than Doubles to $417 Billion as Export Opportunity Expands
-
India and Uruguay Agree Trade and Connectivity Roadmap as Montevideo Ratifies International Solar Alliance
-
The Return of Multipolarity: Why the World Is Moving Beyond a Single Centre of Power
-
The Financial Chokepoint: Why BRICS Can No Longer Depend on SWIFT and the Dollar Alone
