Govt Adds GST In UPI QR Code To Give Fiscal Incentive For E-Payments

The National Payments Corporation of India (NPCI) is working on introducing a GST section in the UPI QR code. Reportedly, the move will provide easy access for the government to calculate the fiscal incentives for digital payments. While speaking at an event, the NPCI CEO Dilip Asbe said the NPCI is working with banks and payment companies to handle a billion UPI transactions daily. Asbe added, “UPI has grown 250% in nine months.”