Majority of users to stop using UPI if it attracts transaction fee: Survey

New Delhi: A majority of people will stop using UPI if a transaction fee is levied on it, according to an online survey by LocalCircles.

However, a sizable number of respondents claimed that they have experienced a transaction fee being levied on their UPI payment once or more in the last one year, it added.

LocalCircles on Sunday said the survey received over 34,000 responses from citizens in over 364 districts, comprising 67 per cent of male respondents and 33 per cent of women.

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.