UPI Payment: The craze of online transactions is increasing rapidly in India. UPI is being used from big showrooms to small hawkers and restaurants. People do online transactions through UPI in seconds, which does not cause problems. Governments are also working to promote UPI transactions.
Do you know that now you can get a big gift on transactions through UPI? The government can launch a grand scheme to reach it to the masses. Now you will get a discount of 2 per cent on transactions through UPI. If you transact Rs 100, you will get a cashback of 2 per cent. The government is working on launching a new scheme to increase online transactions. However, the government has not said anything officially yet. Such claims are being made in media reports. The transaction will be beneficial.
Transaction with UPI is now going to be cheaper. The Consumer Ministry is seriously working on the new plan. UPI transactions will become cheaper and more beneficial than credit cards. Its purpose is to directly benefit the customers by promoting digital payments. Now a fee is charged on credit cards, which is also called MDR.
Now there is no fee for payment through UPI. Due to this, the shopkeeper gets only Rs 100. Many times customers also charge more cost. Now the government is working on bringing a great scheme to the people.
When can the new scheme start
For information, let us tell you that according to a media report, before implementing this scheme, the government will be in consultation with e-commerce companies, banks, National Payments Corporation of India, payment service providers and consumerorganisationss in June 2025. A new framework can be implemented for the new scheme. Anyway, the Payments Council of India has already demanded the implementation of MDR on UPI and RuPay debit cards.
Disclaimer
This news has not been officially confirmed yet. timesbull.com has published this article based on the news running in the media. Our aim is not to confuse anyone, but to give information to the people.
