Fees on UPI? Survey Shows Majority of Users Could Say Goodbye

75% of UPI users may stop using it if transaction fees are introduced, a survey reveals.

UPI handles over half of payment transactions for 38% of its users, the survey finds.

Only 22% of UPI users are willing to pay transaction fees, indicating widespread resistance.

The introduction of Merchant Discount Rates for UPI could shift costs to consumers, causing concern.

Small businesses fear UPI's attractiveness will decrease if additional costs are passed on to them.

The survey included 44,000 respondents across 325 districts, reflecting diverse urban and rural opinions.

UPI's popularity may decline significantly if transaction fees are implemented, the survey suggests.

Users worry about the potential burden of UPI fees being similar to credit card charges.

The survey highlights growing concerns over potential UPI costs impacting consumer and business behavior.

UPI has become essential for many, but fees could disrupt its current widespread usage.