UPI costs Rs 20,700 crore, government allocation just Rs 2,000 crore: Parliament Panel

Wait 5 sec.

A parliamentary committee suggests a self-reliant revenue model for UPI's financial sustainability. Amendments to the Payment and Settlement Systems Act now permit transaction charges on digital payments. The committee noted a significant funding gap between allocations and operational costs. Future merchant discount rate charges will be nominal and apply to limited high-value transactions.