UPI payments could become chargeable as soon as next month

Government’s major demonetization drive, launched way back in 2016, was not only aimed at extracting hoarded black money but was also pushed for a cashless economy. It gave them the motive to digitize the payment collection system with the launch of a very simplified initiative, called Unified Payments Interface (UPI), which allows direct money transfer between two bank accounts using just another mobile app.

Now, the Modi government, which is considered to be the most tech-savvy and...

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