Chief Minister Omar Abdullah of Jammu & Kashmir reiterated his backing for the central government’s position regarding the charges levied on the Unified Payments Interface (UPI). In a statement, he pointed out that maintaining and operating UPI’s infrastructure incurs substantial costs, which are a key factor in determining the fee structure.
Abdullah stressed that the financial burden of running the UPI platform is significant, and this expense must be considered when setting charges. His remarks align with the Centre’s recent efforts to regulate digital payment fees and ensure the sustainability of the payment ecosystem.
The CM’s comments come as the government reviews UPI policies to balance consumer affordability with the need for a robust and secure payment network. The statement underscores the challenges faced by state and private entities in supporting a nationwide digital payment infrastructure.
