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    Anu T S in News

    04 Mar 12:40 PM


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    ‘Majority of people will stop using UPI if…', survey reveals

    73% of those surveyed indicated that they will stop using UPI if a transaction fee is introduced while 23% of the respondents said that they are willing to bear a transaction fee on payment.
    A survey has revealed that a majority of the citizens will stop using the Unified Payments Interface (UPI) if a transaction fee is levied on it. According to an online survey by LocalCircles, a sizable number of respondents claimed that they have experienced a transaction fee being levied on their UPI payment once or more in the last one year, it added.

    LocalCircles survey collected over 34,000 responses from citizens in over 364 districts, comprising 67% of male respondents and 33% of women.

    "37% of UPI users surveyed claim that they have experienced a transaction fee being levied on their UPI payment once or more in the last 12 months," the survey report said.

    Source -MInt