UPI Payments Are Still Free For People, Confirmed NPCI

Clearing the misinterpretation, the Government of India confirmed that UPI payments are free with no other additional charges. A news that UPI payments will attract additional charges went viral on social media and triggered panic amongst people, using the digital payment mode for important transactions. However, the authorities confirmed that the 1.1 per cent interchange charge is only applicable on prepaid payment instrument merchant transactions.