RBI asks payment system stakeholders to submit feedback on digital payment charges

The central bank on Wednesday released a discussion paper on all charges levied on various payment systems like RTGS, NEFT, UPI, IMPS, Credit and debit cards among others. The regulator has asked all payment system stakeholders to submit feedback on whether it should introduce charges on UPI or it should be market determined, along with seeking comments on regulations over interchange fee on debit cards and credit cards. The paper is open for stakeholder comments till October 3, 2022.