Blame game on UPI charges: Payments council chief claims banks take away most of the govt incentive - Moneycontrol

Vishwas Patel, who is also the executive director of omnichannel payments provider Infibeam Avenues, was responding to the Finance Ministry's tweet which said that there is no consideration to levy any charges on UPI transactions.

All of the monetary support provided by the government to make up for the zero charges levied on Unified Payments Interface (UPI) transactions has been appropriated by banks, said Payments Council of… [+3037 chars]

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