Current Affairs · Banking and Finance
The introduction of convenience/platform fees on specific transactions by major third-party UPI apps in recent times is primarily driven by:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Direct mandates from the Ministry of Finance to levy mandatory revenue charges on all peer-to-peer transfers.
- 2A deliberate strategic shift to force users toward international credit card networks.
- 3The need to offset rising infrastructure and operational costs amid massive transaction volumes and zero direct MDR on consumer transactions.✓
- 4A complete ban by the NPCI on zero-merchant discount rate (MDR) models.
Correct answer
The need to offset rising infrastructure and operational costs amid massive transaction volumes and zero direct MDR on consumer transactions.
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