“UPI POWERS HALF OF THE WORLD’S REAL-TIME TRANSACTIONS”: WHAT PM MODI SAID ON INDEPENDENCE DAY

“UPI POWERS HALF OF THE WORLD’S REAL-TIME TRANSACTIONS”: WHAT PM MODI SAID ON INDEPENDENCE DAY

Bymanipurarticles@gmail.com

Short Summary (one paragraph) From the Red Fort on India’s 79th Independence Day, Prime Minister Narendra Modi spotlighted the country’s home-grown Unified Payments Interface (UPI), claiming it now powers around 50% of all real-time transactions globally. He also noted UPI’s growing international footprint — live in seven countries including the UAE, Singapore, Bhutan, Nepal, Sri…

UPI Transactions and Charges: What the Finance Ministry’s Clarification Really Means
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UPI Transactions and Charges: What the Finance Ministry’s Clarification Really Means

Bymanipurarticles@gmail.com

Short Summary The Finance Ministry recently clarified rumors about UPI (Unified Payments Interface) transactions being charged. Social media speculation had caused concern, but the Ministry reaffirmed that UPI services remain free for users. However, discussions are ongoing around Merchant Discount Rates (MDR) and funding digital payment infrastructure through alternatives without burdening common users. Introduction: Is…