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... • 2m
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! • 2m
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.
0 replies3 likes
Ashutosh Mishra
Chartered Accountant • 8m
𝗨𝗣𝗜 𝗧𝗿𝗮𝗻𝘀𝗮𝗰𝘁𝗶𝗼𝗻 𝗟𝗶𝗺𝗶𝘁 𝗧𝗼 𝗕𝗲 𝗜𝗻𝗰𝗿𝗲𝗮𝘀𝗲𝗱 𝗙𝗿𝗼𝗺 ₹𝟭 𝗟𝗮𝗸𝗵 𝗧𝗼 ₹𝟱 𝗟𝗮𝗸𝗵 𝗙𝗼𝗿 𝗖𝗲𝗿𝘁𝗮𝗶𝗻 𝗖𝗮𝘁𝗲𝗴𝗼𝗿𝗶𝗲𝘀
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