The announcement by the NPCI that mobile payments through UPI now come with charges has evoked mixed reactions in the payments ecosystem. While several are confused by this move, some hope the charges will remain nominal and not adversely affect UPI transactions. However, users will likely need clarification once more details regarding the amount and type of charges are shared. NPCI’s announcement has caused some confusion about the future of UPI payments. Users hoping to continue to use UPI are relieved to learn that UPI transactions will remain free and charges will apply only to third-party apps.
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