Theose Who Shop Using Upi will be lucky: Friends, if you also like to pay with UPI (eg Google Pay, PhonePe, Paytm) while shopping at the shop or online, then there is a great news for you! The government is working on a tremendous scheme, after which shopping with UPI can be even more beneficial for you. Under this new scheme, if you pay with UPI, you can get discounts on goods, while those using credit cards may have to pay more money!
Three people associated with this case have said that the government is making a plan that will directly reach the customers of the low cost of UPI. To pursue this scheme, the Ministry of Consumer Affairs will soon hold talks with the big people (such as banks, payment companies) associated with this industry. So if you are an UPI user, then this news is no less than a lottery for you!
Thos Who Shop Using UPI will be lucky: Why does the shopkeeper suffer due to credit card payment?
Have you ever wondered that when you pay with credit card, why does the shopkeeper suffer a little harm?
Actually, when you pay with a credit card, the shopkeeper has 2-3% of that amount Merchant Discount Rate (MDR) As bank or payment companies (eg Visa, MasterCard) have to be given. Most shopkeepers do not charge this fee from the customer, but fill their pockets.
This means that if you buy goods worth ₹ 100 from the credit card, then the shopkeeper really gets only ₹ 98 or ₹ 97 (the rest is cut as ₹ 2- ₹ 3 fees). Whereas in UPI, this fee does not cost at all or is very low! That is, the shopkeeper gets a full ₹ 100 on payment from UPI. This is the reason why many small shopkeepers are a little reluctant to get payment from credit cards.
What is this tremendous plan of the government?
The government wants the biggest advantage of the UPI (ie no fees or very low fees), the customers should also get the benefit of it directly. With this thinking, a new scheme is being worked out.
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UPI user benefits: After the implementation of this scheme, if you buy something of ₹ 100 from UPI, then you may have to pay only ₹ 98 (ie a direct discount of ₹ 2)!
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Credit card user probably more: At the same time, the user who uses credit card will probably have to pay the entire ₹ 100.
This will not only increase the use of UPI further, but we will also benefit from direct money to customers. This can prove to be a great step to promote digital payment.
When will this benefit start getting?
The Ministry of Consumer Affairs is soon going to hold a big meeting with e-commerce companies (eg Amazon, Flipkart), banks, NPCI (which runs UPI) and other related organizations to bring the scheme to the ground. It is expected that this meeting may take place in June. However, this plan is still in the early stages, but if everything goes well, then the UPI users may start benefiting from it soon.
The pride of UPI!
You will be surprised to know that last year (2024-25) through UPI 185 billion (billion) There were more transactions than whose total price ₹ 260.56 Lakh Was! In the last 3 years 26 crore new people And 5.5 crore new shopkeepers Are associated with UPI. It is estimated that close to 2024 45 crore people You will start using UPI.
These figures clearly show that UPI has become the king of digital payment in India today. The government’s objective is that UPI should be even more popular, so that the use of digital payments increases even more rapidly. It remains to be seen how the shopkeepers and companies respond to this new scheme of the government. But one thing is certain, good days are coming for UPI users!
