The Hindu·3 min read·medium
Lok Sabha passes Bill to authorise Govt. to permit banks to levy charges on UPI transactions
P
PTI
✦AI Summary
The Lok Sabha has passed a bill amending the Payment and Settlement Systems Act, allowing the government to authorize banks to levy charges on UPI transactions. The move aims to create a sustainable revenue model for digital payment infrastructure.
Lok Sabha on Thursday (August 6, 2026) passed a Bill to amend the Payment and Settlement Systems Act, 2007 that authorises the government to permit banks and other service providers to levy charges on payments through unified payments interface (UPI) and other notified electronic payment modes.
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