75% of UPI users may abandon service if transaction fees are introduced: Survey
New Delhi: A recent survey by Localcircles reveals that approximately 75% of UPI users would cease using the service if transaction fees are implemented. The survey, which gathered 42,000 responses from 308 districts, indicates that 38% of users conduct over 50% of their transactions through UPI.
Only 22% of respondents are willing to accept any transaction fee, with a significant majority stating they would stop using UPI altogether. The survey also noted that UPI transactions soared to 131 billion in the fiscal year 2023-24, marking a 57% increase in volume and a 44% increase in value, totaling Rs 199.89 trillion.
Localcircles plans to present these findings to the Ministry of Finance and the Reserve Bank of India to advocate against the imposition of transaction charges. The survey was conducted online between July 15 and September 20, with 15,598 responses specifically addressing transaction fees.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
11 Bangladeshis arrested in Tripura for illegally entering India
Agartala (PTI): A total of 11 Bangladeshis have been arrested in Tripura for allegedly entering India without valid documents, GRP said on Sunday.
Three of their Indian facilitators have also been nabbed, a GRP officer said.
Acting on a tip-off, a GRP team nabbed the Bangladeshis at Agartala railway station on Saturday evening when they were planning to go to Chennai and Ahmedabad by train.
They were detained and taken to Agartala Government Railway Police (GRP) station and during interrogation, they confessed to having crossed the international border illegally and that they were planning to go to Chennai and Ahmedabad, officer-in-charge Tapan Das said.
He said the 11 Bangladeshis and three Indians were produced before a local court on Sunday seeking police remand.
