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PhonePe CEO says UPI payments will stay free
PhonePe CEO Sameer Nigam has confirmed that UPI payments will remain free for Indian consumers, addressing speculation about potential charges, Ndtvprofit.com reports. Nigam assured users they will not be charged for digital…
The Story in Brief
PhonePe CEO Sameer Nigam has confirmed that UPI payments will remain free for Indian consumers, addressing speculation about potential charges, Ndtvprofit.com reports. Nigam assured users they will not be charged for digital transactions.
The clarification follows recent rumours that fees might be introduced, causing concern among the country’s vast UPI user base. Nigam's statement aims to reassure users that the service remains free.
The Indian Opinion
The recurring rumour that UPI will soon be charged creates undue alarm. India’s digital payment ecosystem thrives on zero-cost access for consumers, and neither the government nor NPCI has indicated a shift. The real test will be any upcoming circular on merchant discount rates, that would affect businesses, not individuals.
Source: ndtvprofit.com
This story was synthesised by AI from the source linked above.
