The Department of Finance said Sunday that UPI is a digital public good with immense convenience for the public and productivity gains for the economy. He also said the government was not considering levying fees for UPI services. “Service providers’ concerns about cost recovery must be addressed through other means,” the finance ministry said in a tweet. The Ministry of Finance also said the government provided financial support to the digital payment ecosystem last year.
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The government had provided financial support for #DigitalPayment ecosystem last year and announced the same this year to encourage the adoption of #Digital Payments and the promotion of cost-effective and user-friendly payment platforms. (2/2)
— Ministry of Finance (@FinMinIndia) August 21, 2022
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