Crime & Law · India
Lok Sabha Passes Bill, Government Clarifies UPI Charges
The Lok Sabha passed the Payment and Settlement Systems Act, 2007, which allows the government to permit charges on UPI transactions. The government has clarified that UPI payments will remain free for consumers. However, a nominal charge may be applied to certain merchants and large transactions. This clarification came after concerns arose regarding potential fees for UPI users following the bill's passage. Payment platforms like PhonePe and Razorpay have supported selective charges for large merchants.
How outlets across the spectrum covered it
L 2 C 4 R 4
- Left (2): Scroll.in, The Wire
- Centre (4 votes, 5 outlets): Business Standard, Business Today, The Economic Times · The Times of India (Times Group — 1 vote), The New Indian Express
- Right (4): Aaj Tak, Swarajya, The Pioneer, Times Now