The shares were trading 2.3 percent down at Rs 15,918.4 on BSE at the time of writing.
The RBI discussion paper issued earlier this month said UPI as a fund transfer system is like IMPS, and therefore, it could be argued that the charges in UPI need to be similar to charges in IMPS for fund transfer transactions.
UPI is a digital public good with immense convenience for the public & productivity gains for the economy. There is no consideration in Govt to levy any charges for UPI services. The concerns of the service providers for cost recovery have to be met through other means. (1/2)— Ministry of Finance (@FinMinIndia) August 21, 2022