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Question

The government may consider a _____ uniform digital payment facilitation fee to fund the infrastructure required for such transactions and also to ensure financial viability of the UPI payment system.

A 1.5 percent Correct Answer Incorrect Answer
B 1.2 percent Correct Answer Incorrect Answer
C 0.7 percent Correct Answer Incorrect Answer
D 0.3 percent Correct Answer Incorrect Answer
E None of these Correct Answer Incorrect Answer

Solution

The government may consider a 0.3 per cent uniform digital payment facilitation fee to fund the infrastructure required for such transactions and also to ensure financial viability of the UPI payment system, suggested a study by IIT Bombay.The facilitation fee of 0.3 per cent can generate around Rs 5,000 crore in 2023-24

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