Discussion paper on charges in digital payments to be out in a month

Experts said at no point in time will customers be charged for payments

The Reserve Bank of India (RBI) will come out with a discussion paper, in a month’s time, which will deal with all aspects related to charges involved in digital payments so as to make them more affordable.

“..it is proposed to issue a discussion paper which will cover all aspects related to charges involved in various channels of digital payments such as credit cards, debit cards, prepaid payment instruments (cards and wallets), UPI, etc,” the RBI said.  Further, the discussion paper will seek feedback on issues related to convenience fee and surcharging.  While digital payment volumes have surged, often merchants, who