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HomeFact-CheckWill UPI transaction be more expensive in 2021? Here are the facts

Will UPI transaction be more expensive in 2021? Here are the facts

Further, the report had claimed that the National Payment Corporation of India (NPCI) has taken imposed a 30 per cent cap on third-party apps from January 1 to stop any of these apps to monopolise the payment system.

The Union government has rejected news reports that had earlier claimed that the centre had decided to impose additional charges for Unified Payments Interface (UPI) transactions. 

Recently, in a report, Amar Ujala had claimed that UPI transaction will get expensive from January 1 as Union government has decided to charge more on UPI transactions. It had also reported that users making online payment through third-party apps will be charged more from next year.

Report in Amar Ujala

Further, the report had claimed that the National Payment Corporation of India (NPCI) has taken imposed a 30 per cent cap on third-party apps from January 1 to stop any of these apps to monopolise the payment system.

However, rejecting the claims made by Amar Ujala, the Union government has categorically stated that no additional charges are being levied on any UPI transactions from January 1. On Wednesday, the Press Information Bureau issued a clarification stating that the National Payment Corporation of India has not taken any decision in this regard. 

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Staff reporter at OpIndia

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