Introduction

In two days episode, we see if the ar bi is mulling over an idea that could have an adverse impact on u pi transactions. They are seeking feedback on a proposal that would allow banks and other institutions to impose a fee on certain u p i transactions. And that could have a massive impact on the u p i eko system. In 20 16, digital payments weren't exactly ubiquitous. People used cash more often than not for high valued transactions. But then in 20 16, up i was born. All you needed was another card and a mobile phone number linked to your bank account. Indians loved it. From a measly 38 lack rupees worth of transactions in july 20