Rajiv Kumar urges Centre to continue zero-fee UPI transactions for a few more years

Former NITI Aayog VC Rajiv Kumar. PIC/X/@beatsinbrief

NITI Aayog's former vice-chairman Rajiv Kumar on Monday suggested the government to continue with zero-fee UPI transactions for at least a few more years until the currency-to-GDP ratio shows some tendency to decline, and then review the situation.

Kumar said that he is not in favour of charging any fee from merchants for using UPI for any transaction value, and the government should treat it as a public good with extensive positive externalities.

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