NS reserve Bank of India A panel to study charges on digital payments is set to indicate that it is not comfortable with the current structure, which many believe to be costly given the increase in transaction volume. Is. it will add features is i Transactions that are at the lowest price point can make many players’ chances worse.

NS reserve Bank of India Said that it will issue a discussion paper on various charges levied by banks and institutions for all types of digital transactions through credit cards, debit cards, wallets and unified payment interface (UPI).

“It is proposed to issue a discussion paper on various charges in the payment system with a holistic view of the issues involved and possible approaches to mitigate the concerns to make digital transactions more affordable,” the regulator said.

Separately, the RBI also said it will launch UPI-based payment products for feature phone users, leveraging innovative products from the RBI’s regulatory sandbox on retail payments.

It will also help in simplifying the process flow for small value transactions through a mechanism of ‘on-device’ wallet in UPI applications. It also proposed to increase the transaction limit for payment through UPI for retail direct scheme for investment in government securities. first public offer (IPO) applications ranging from Rs 2 lakh to Rs 5 lakh.