Lok Sabha approves Bill allowing banks to charge fees on UPI transactions while promoting domestic electronic manufacturing.

NEW DELHI, August 6: The Lok Sabha on Thursday passed a Bill to amend the Payment and Settlement Systems Act, 2007, empowering the government to permit banks and other payment service providers to levy charges on Unified Payments Interface (UPI) transactions and other notified electronic payment modes. The amendment, passed by voice vote amid Opposition […]