{"id":1279619,"date":"2024-03-05T08:30:52","date_gmt":"2024-03-05T03:00:52","guid":{"rendered":"https:\/\/trak.in\/stories\/?p=1279619"},"modified":"2024-03-05T08:31:13","modified_gmt":"2024-03-05T03:01:13","slug":"73-upi-users-will-stop-using-upi-if-banks-makes-this-decision-survey-results","status":"publish","type":"post","link":"https:\/\/trak.in\/stories\/73-upi-users-will-stop-using-upi-if-banks-makes-this-decision-survey-results\/","title":{"rendered":"73% UPI Users Will Stop Using UPI If Banks Makes This Decision (Survey Results)"},"content":{"rendered":"\n<p>A new survey by community platform LocalCircles has revealed that India&#8217;s widely adopted Unified Payments Interface (UPI) could face a significant <a href=\"https:\/\/www.hindustantimes.com\/business\/73-users-will-stop-using-upi-if-what-new-survey-reveals-101709541303421.html\">loss<\/a> of users if transaction fees are levied on the digital payments system.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"465\" src=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/03\/Untitled-design-2-6.png\" alt=\"73% UPI Users Will Stop Using UPI If Banks Makes This Decision (Survey Results)\" class=\"wp-image-1279628\" srcset=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/03\/Untitled-design-2-6.png 1000w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/03\/Untitled-design-2-6-300x140.png 300w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/03\/Untitled-design-2-6-768x357.png 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">73% Users Warn They&#8217;ll Stop Using UPI if Fees Applied<\/h2>\n\n\n\n<p>The survey, which polled over 34,000 respondents across 364 districts in the country, found that a staggering 73% of users have indicated they would stop utilizing UPI in the event of any transaction fee being charged.<\/p>\n\n\n\n<p>Among this majority vowing to quit, 23% stated they would be willing to bear some level of fee on UPI transactions.<\/p>\n\n\n\n<p>The remaining 77% were firmly against paying any charges to make UPI payments, highlighting the free nature of the service as a key driver of its rapid adoption across India.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Claims of Prior UPI Transaction Fees<\/h2>\n\n\n\n<p>Interestingly, the LocalCircles survey also found that 37% of UPI users claimed they had experienced instances of transaction fees being levied on their UPI payments at least once in the past 12 months.<\/p>\n\n\n\n<p>This seeming contradiction with UPI&#8217;s no-cost policy further underscores user resistance to any future moves toward monetizing the digital payments platform through fees.<\/p>\n\n\n\n<p>With 67% male and 33% female participants, the wide-ranging survey captures a diverse user base&#8217;s sentiments on UPI&#8217;s compelling free service proposition.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A new survey by community platform LocalCircles has revealed that India&#8217;s widely adopted Unified Payments Interface (UPI) could face a significant loss of users if transaction fees are levied on the digital payments system. 73% Users Warn They&#8217;ll Stop Using UPI if Fees Applied The survey, which polled over 34,000 respondents across 364 districts in [&hellip;]<\/p>\n","protected":false},"author":30,"featured_media":1279628,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22],"tags":[2241,41],"class_list":["post-1279619","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-banks","tag-upi"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>73% UPI Users Will Stop Using UPI If Banks Makes This Decision (Survey Results) - Trak.in - Indian Business of Tech, Mobile &amp; Startups<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/trak.in\/stories\/73-upi-users-will-stop-using-upi-if-banks-makes-this-decision-survey-results\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"73% UPI Users Will Stop Using UPI If Banks Makes This Decision (Survey Results) - Trak.in - Indian Business of Tech, Mobile &amp; Startups\" \/>\n<meta property=\"og:description\" content=\"A new survey by community platform LocalCircles has revealed that India&#8217;s widely adopted Unified Payments Interface (UPI) could face a significant loss of users if transaction fees are levied on the digital payments system. 73% Users Warn They&#8217;ll Stop Using UPI if Fees Applied The survey, which polled over 34,000 respondents across 364 districts in [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/trak.in\/stories\/73-upi-users-will-stop-using-upi-if-banks-makes-this-decision-survey-results\/\" \/>\n<meta property=\"og:site_name\" content=\"Trak.in - Indian Business of Tech, Mobile &amp; 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