UPI users face no transaction charges; P2P payments remain free

There is a special way to pay for things with your phone called UPI.

A government office called the Ministry of Finance made a big announcement about it.

The office said that people will not have to pay extra money when they use UPI.

Sometimes services charge a small fee, called a transaction charge, to use them.

The Ministry said UPI users will not face any such charges.

Sending money to friends or family, which is called a person-to-person payment, will stay free too.

Even shops that accept UPI payments will not have to pay charges in most cases.

This means using UPI will keep being free for almost everyone.

That is why the announcement is good news for people who use this payment method.