Current Affairs · Banking and Finance
The introduction of small commercial convenience fees or platform fees on specific services (like mobile recharges) by major UPI application providers is primarily aimed at:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Forcing all digital consumers to migrate back to physical credit cards
- 2Directly subsidizing the transaction costs of cash withdrawals at automated teller machines
- 3Generating auxiliary commercial revenue streams given the low or zero interchange fees on standard peer-to-merchant UPI transactions✓
- 4Completely eliminating government merchant discount rate incentives
Correct answer
Generating auxiliary commercial revenue streams given the low or zero interchange fees on standard peer-to-merchant UPI transactions
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