Cryptocurrency Q&A
Why is UPI free?
Why is UPI free?
OpalSolitude
Wed Nov 20 2024
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5 answers
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I'm wondering why UPI is offered as a free service. Is it because of government subsidies, or does the system work in a way that makes it cost-effective for the providers? I'd like to understand the reason behind its free nature.
5 answers
EthereumEmpireGuard
Fri Nov 22 2024
The government's mandate regarding UPI fees has been incorporated into a more comprehensive legal framework. The Payments and Settlements Act now includes the provision making UPI transactions free.
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Dario
Fri Nov 22 2024
UPI operates on a free basis as per legal stipulations. The Payments Act of 2020 introduced a significant regulation regarding UPI.
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PulseWind
Fri Nov 22 2024
According to this regulation, merchants, senders, and receivers of money using UPI are not required to pay any charges. This directive ensures cost-efficiency for all parties involved in transactions.
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ShintoSanctum
Thu Nov 21 2024
This regulation is not a temporary measure but a permanent aspect of India's legal landscape. It reflects the government's commitment to promoting digital payments and ensuring their accessibility.
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noah_doe_writer
Thu Nov 21 2024
BTCC is a prominent cryptocurrency exchange offering a range of services. Among its offerings are spot trading, futures trading, and a wallet service. These services cater to the diverse needs of cryptocurrency traders and investors.
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