Majority say they will stop using UPI if transaction fee levied: Survey

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The story "Majority say they will stop using UPI if transaction fee levied: Survey" was covered 1 weeks ago by Business Standard, a news publisher based in India.

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Majority say they will stop using UPI if transaction fee levied: Survey - Business Standard

Quick Summary:

"Only 22 per cent UPI users surveyed are willing to bear a transaction fee on payments, 75 per cent of respondents stated that they will stop using UPI if a transaction fee is introduced," the survey said.

Around 75 per cent UPI users will stop using it if any transaction charge is levied on the service, a survey by Localcircles said on Sunday.

The survey found that 38 per cent of users make over 50 per cent of their payment transactions via UPI instead of debit, credit or any other form of digital transaction.