Reserve Bank of India reviews UPI payments and may levy charges made through Unified Payment Interface.
The Finance Ministery tweeted, Unified Payment Interface is a digital platform through which the public contributes to the economy. There is no consideration to levy charges for this service. The service providers for recovery have to follow other ways.
UPI PAYMENT BEST FOR MONEY TRANSFER
UPI means:-UPI is a payment system, through which you can transfer money at any time from one bank account to another bank account.
UPI works:- Nowadays it's too easy to use the UPI facilities. To use this platform you can download UPI apps like Phone Pe, BHIM, Paytm, and Google pay. To use these apps,you have to link your bank account with UPI apps by using your mobile. you can use one bank account with multiple UPI apps and multiple bank accounts can be used through one UPI app.