If a user is paying 5rs per IMPS transaction, why shouldn't UPI have a way to charge users?
5 replies17 likes
Chamarti Sreekar
Passionate about Pos...ย โขย 3m
Google Pay now charges 0.5% to 1% (plus GST) for bill payments made via credit and debit cards, while UPI bank transfers remain free. Competitors like PhonePe and Paytm also charge similar fees.
Fintech firms face high UPI processing costs, totaling
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India is full of black money and many people has lot's of Courrupted black money but most of them are try to making it white but the main problem is that government agencies are tracking them easily and now it's really h
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3 replies3 likes
Mridul Das
Introvert!ย โขย 3m
Do you know that according to industry estimates, processing UPI transactions costs stakeholders approximately 0.25% of the transaction value. In FY24 alone, these costs amounted to nearly Rs 12,000 crore, with Rs 4,000 crore incurred for transactio
hi, do you think government can act as Competitors to startup i mean in the sector of fintech by introducing upi. or they are just a helping hand to startups.
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Ashutosh Mishra
Chartered Accountantย โขย 8m
๐จ๐ฃ๐ ๐ง๐ฟ๐ฎ๐ป๐๐ฎ๐ฐ๐๐ถ๐ผ๐ป ๐๐ถ๐บ๐ถ๐ ๐ง๐ผ ๐๐ฒ ๐๐ป๐ฐ๐ฟ๐ฒ๐ฎ๐๐ฒ๐ฑ ๐๐ฟ๐ผ๐บ โน๐ญ ๐๐ฎ๐ธ๐ต ๐ง๐ผ โน๐ฑ ๐๐ฎ๐ธ๐ต ๐๐ผ๐ฟ ๐๐ฒ๐ฟ๐๐ฎ๐ถ๐ป ๐๐ฎ๐๐ฒ๐ด๐ผ๐ฟ๐ถ๐ฒ๐
The National Payments Corporation of India (NPCI), which manages UPI, has raised the per-transac
Who do you think benefits most from the current budget?
1. Ordinary citizens
2. Businesses and corporations
3. Government and public sector
4. Financial institutions
5. The wealthy