The Ministry of Finance issued a clarification regarding speculations that charges will be levied on UPI services, following an RBI paper. The ministry said that the government is not considering levying charges for UPI services. It added that the government had, in fact, announced financial support for the digital payment ecosystem. 

“UPI is a digital public good with immense convenience for the public & productivity gains for the economy. There is no consideration in Govt to levy any charges for UPI services. The concerns of the service providers for cost recovery have to be met through other means. 

The Govt had provided financial support for #DigitalPayment ecosystem last year and has announced the same this year as well to encourage further adoption of #DigitalPayments and promotion of payment platforms that are economical and user-friendly,” it said in a series of tweets.