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The Economic Times
The Economic Times

UPI charges could reverse digital payments gains, push users back to cash, says ex-NITI VC Rajiv Kumar

New Delhi: Former NITI Aayog vice-chairman Rajiv Kumar has urged the government to retain zero-fee UPI transactions for at least a few more years, warning that even a small charge could push users back towards cash.

Kumar told PTI that the government should not impose fees on merchants for UPI transactions of any value. He said UPI should be treated as a public good because its wider benefits outweigh the cost of maintaining its infrastructure.

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