Diabytes
United Payments Interface News
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In August 2022, the Reserve Bank of India (RBI) released a discussion paper proposing a tiered structure charge on UPI payments based on different amount bands.
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Online transactions are now hassle-free, as opposed to earlier times when you had to carry wallets and make sure you had lesser-value currencies like Rs 10, Rs 20, or Rs 50.
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Kirana or dairy store often used to give toffees instead of loose cash
This trick kept the toffee sales ticking and proved profitable for the shopkeepers as well
However, with the digital payments, the need for loose cash have vanished
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Paytm consumers on the UPI platform can now add money to their Paytm Wallets using their UPI ID.
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