New Delhi: Union Financial Minister Nirmala Sitharaman has again clarified that no charges will be credited on UPI transactions. The government has considered digital payments as a public goodness.
The public should receive such services free of cost. This makes the Indian financial system more attractive. The financial sector will become more transparent through digitalisation. And this is not the time to add charges to transactions, said the minister.
The attempts are being progressed to make UPI transactions more secure and to spread it across a large mass. It is also collecting the opinions from the public about the changes made by RBI.
Earlier, a fake news was spread on charging amounts for UPI transactions and it had been clarified by the Ministry of Finance.
Digital transactions are being implemented for making the money transfer more easy and transparent and it has nothing to do with paying additional charges over the UPI services, The Ministry of Finance has clarified that such issues of charging additional amounts should be resolved through other means.