Is UPI Really Free? Understanding the Cost Behind Digital Payments

Hello friends good morning how are you I hope you are good I am also good I am here again with the new post and a new topic I hope you will enjoy it. Thank you so much for your support it means a lot to me.

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In my last post I mentioned that now we have to pay extra money if you are doing merchant payments. But the government is the merchant not to take that money from the consumers. But why will the merchant do that they will take cash instead of that. Because no one wants to give extra money for nothing. The up payment system is totally free for everyone and that is because earlier government used to give them subsidy for that but this year the government reduced the subsidy that's why this is all going on.

So friends everything that is operated online at some kind of cost is not free if you have an ATM machine around you then it also cost money for maintenance for electricity and a lot of things. Show to the online things need money for maintenance and other things to run things very smoothly because upi payment system is very smooth fast and reliable. Yes sometimes the money got stuck but even though you will get your money back soon.

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I have been using this technology from yours and I am now I am kind of use it I don't have to car guess but due to the new rules now I have to carry cats if I have to pay more than 2000. Not sure about the big companies but the small merchants will not allowed to pay us via upi anymore if we have to pay more than 2000 rupees. Because if we do then we have to pay extra money or they have to pay some extra money that they don't want I think and nobody will.

So I believe that people will again come back to the cash economy and it is not good in away because sometimes it is very difficult to carry lot of cash but I think there are more different ways to transfer money other than upi so maybe people will explore those options again. Aur Main bhi we will see some kind of new payment systems that will not charges anything at all for a while maybe let's see.

I hope you learned something new today. See you tomorrow. Have a wonderful day. I'm not sure what the exact time is. See you,

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