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Will UPI purchases become cheaper than using credit cards? Here’s what we know

Credit cards have an associated merchant discount rate (MDR) of 2-3 per cent that either erodes merchant margins or gets indirectly transferred to customers.

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Mumbai:
India’s Unified Payments Interface (UPI) continues to cement its position as the backbone of the country’s digital payment infrastructure. In the second half of 2024, UPI transaction volumes soared to 93.23 billion, reflecting a 42% year-on-year (YoY) growth, according to data from the National Payments Corporation of India (NPCI).

Now, in a move aimed at increasing UPI adoption even further, the government is reportedly considering steps to make UPI usage cheaper than credit cards.


Consumer Affairs Ministry Exploring Price Incentives for UPI

As reported by Livemint, the Consumer Affairs Ministry is working on a mechanism that would allow the cost benefits of UPI to be passed on directly to consumers.

If implemented, this could mean automatic price advantages for UPI users. For example, consumers might pay ₹98 via UPI for a product that would cost ₹100 via credit card, giving a direct monetary incentive to choose UPI over card payments.


UPI Transaction Volumes Surge; Government Plans to Make UPI Cheaper Than Credit Cards

Mumbai:
India’s Unified Payments Interface (UPI) continues to cement its position as the backbone of the country’s digital payment infrastructure. In the second half of 2024, UPI transaction volumes soared to 93.23 billion, reflecting a 42% year-on-year (YoY) growth, according to data from the National Payments Corporation of India (NPCI).

Now, in a move aimed at increasing UPI adoption even further, the government is reportedly considering steps to make UPI usage cheaper than credit cards.


Consumer Affairs Ministry Exploring Price Incentives for UPI

As reported by Livemint, the Consumer Affairs Ministry is working on a mechanism that would allow the cost benefits of UPI to be passed on directly to consumers.

If implemented, this could mean automatic price advantages for UPI users. For example, consumers might pay ₹98 via UPI for a product that would cost ₹100 via credit card, giving a direct monetary incentive to choose UPI over card payments.


Why UPI is Cheaper Than Credit Cards

Credit cards typically involve a merchant discount rate (MDR) of 2–3%, a fee borne by the merchant but often indirectly passed on to consumers through higher pricing. UPI, on the other hand, does not carry any MDR, making it a cost-effective and transparent payment method.

According to Shams Tabrej, CEO of Ezeepay:

“If the customer is provided with a clear price benefit for using UPI—for instance, paying ₹98 instead of ₹100—it could influence daily purchasing behaviour and improve transparency in retail pricing. With UPI transaction speeds expected to double by June 2025, this policy could make UPI an even more preferred payment mode.”


Policy Goals and Timeline

The overarching goal of this move is to boost the adoption of UPI and promote digital financial inclusion. The Consumer Affairs Ministry is expected to hold stakeholder consultations in June 2025, following which a final blueprint of the policy could be developed.

This initiative underscores India’s continued efforts to evolve into a cash-light economy, while offering cost-effective solutions for both merchants and consumers.

Veer Rana

Veer Rana is a seasoned news anchor covering national affairs, politics, economy, regional issues, science, and health. Known for his sharp analysis and clear reporting, he brings credibility and insight to India’s top stories.

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Axiom‑4 Mission Highlights: Shubhanshu Shukla & Crew Successfully Launch Toward ISS

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Historical Significance

  • Marks India’s return to crewed space after ~41 years (since Rakesh Sharma in 1984)
  • Also first ISS mission for Poland and Hungary after decades
  • A clear milestone in private spaceflight, fostering international collaboration and moving toward commercial space stations

Mission Timeline & Objectives

  • Docking Schedule: Expected at ~4:30 PM IST on June 26, 2025
  • Duration: Approximately 14 days aboard ISS
  • Planned Activities:
    • Over 60 microgravity experiments, including 7 led by Shukla—focused on muscle atrophy, seed germination, microalgae, cyanobacteria, and biomedical studies
    • STEM outreach and cultural exchanges (e.g., carrying Indian sweets and yoga demonstrations)

National & International Response

  • PM Narendra Modi: Hailed mission as symbol of India’s aspirations, carrying hopes of 1.4 billion Indians
  • IAF & Family: Indian Air Force praised the mission; Shukla’s parents expressed immense pride
  • Global Significance: Seen as a push toward private-sector-led low Earth orbit economy and more inclusive space access

    Mission’s Broader Impact
    Theme
    Details
    Private Space Era
    Axiom’s fourth ISS mission underlines transition to commercial space stations by ~2030
    Preparation for Gaganyaan
    Experience vital for India’s upcoming indigenous crewed mission in 2027 .
    Science & Outreach
    Combines rigorous research with cultural exchange, enhancing global scientific collaboration .
Veer Rana

Veer Rana is a seasoned news anchor covering national affairs, politics, economy, regional issues, science, and health. Known for his sharp analysis and clear reporting, he brings credibility and insight to India’s top stories.

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Delhi Tragedy: Father Helplessly Watches as Stalker in Burqa Kills Daughter

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  • The attacker: Taufiq had known Neha and her family for years, even celebrated Raksha Bandhan with them. His obsessive advances escalated after Neha distanced herself
  • The crime: On Monday, around 8:30 AM, Neha went to the rooftop to switch on the water pump. Taufiq, wearing a burqa, followed her, strangled her with her dupatta, and shoved her off the rooftop—she fell approximately 50 feet onto a heap of bricks. Her father tried to save her but was physically pushed by the assailant
  • Aftermath: Neha was rushed to Guru Teg Bahadur Hospital and succumbed to her injuries nearly 12 hours later. Taufiq fled the scene. He was arrested Tuesday night in Uttar Pradesh after coordinated police raids

Family’s Perspective

  • Father’s anguish: Surender Kumar, injured himself, tearfully said, “I tried to save her but he shoved me.”
  • Victim’s background: Neha had completed Class XII and was working at a private firm in Mandoli. She aspired to support her family—a hope that was violently ended
  • Connection to attacker: Taufiq had ingratiated himself as a family friend, earning their trust before his advances turned dark and dangerous .

Community Response & Broader Implications

  • Public outrage: Markets in Ashok Nagar and Mandoli shut down in protest. Heavy police deployment aimed to maintain calm amid communal tensions, as the victim was Hindu and the accused Muslim
  • Calls for justice: The family demands maximum punishment, pressing for death penalty. Locals are urging stricter stalking laws and protection mechanisms for women

Police & Legal Developments

  • Charges filed: FIR escalated from attempted murder to murder, with additional sections for stalking and crimes against women
  • Investigation status: Taufiq was found with dupatta and burqa; police are investigating entry points and how he gained rooftop access
  • Arrest update: He was apprehended in Uttar Pradesh Tuesday night after joint efforts by Delhi and UP police teams

Expert & Legal Context

  • Safety concerns: This case underscores the urgent necessity for stronger anti‑stalking laws and better rooftop access control in Delhi’s residential buildings.
  • Mental health angle: Experts note that stalking often stems from irrational obsession and untreated mental distress, indicating the need for early detection and intervention.

What Happens Next

  1. Police proceedings: Continued interrogation of Taufiq; gathering evidence, witness statements, and CCTV footage review.
  2. Legal route: Family pushing for capital punishment under relevant sections of IPC and the Stalking Act.
  3. Preventive measures: Neighbors and resident associations demanding enhanced security protocols, CCTV, roof access checks.
  4. Policy push: Renewed calls for immediate reforms—stronger punishment for stalking, mandatory rooftop safety regulations, and mental health screening programs.

In the Words of the Father

Surender Kumar, speaking near the mortuary, shared his horror:
I was downstairs doing chores when I heard a commotion… I rushed up to find Taufiq attacking my daughter. I tried to save Neha but he shoved me… My arm was hurting badly. I couldn’t even move to protect Neha

Veer Rana

Veer Rana is a seasoned news anchor covering national affairs, politics, economy, regional issues, science, and health. Known for his sharp analysis and clear reporting, he brings credibility and insight to India’s top stories.

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Air India Targeted: DGCA Launches Safety Audit Following Ahmedabad Accident

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India’s Directorate General of Civil Aviation (DGCA) has initiated a comprehensive safety audit of Air India, triggered by the deadly Boeing 787 Dreamliner crash in Ahmedabad on June 12, which claimed 271 lives.


Why the Audit Was Ordered

The crash of Air India Flight AI-982 shocked the nation. Early reports point to operational lapses and possible crew mismanagement. In response, the DGCA announced an urgent audit from June 24 to 26 across Air India’s main operational hubs.


What the Audit Will Cover

The DGCA audit will investigate:

  • Flight operations and SOP adherence
  • Pilot duty hours and crew fatigue management
  • Cabin safety and emergency preparedness
  • Maintenance records and technical inspections
  • Training and simulator usage records

DGCA’s Previous Warnings to Air India

Even before the June crash, DGCA had flagged:

  • Irregularities in cabin crew rostering
  • Concerns over pilot rest periods and flight-hour limits
  • Non-compliance with mandatory reporting protocols

Three senior officials were removed from duty last month after repeated non-compliance warnings.


Air India’s Response

Air India stated that it:

  • Welcomes the audit
  • Will fully cooperate with DGCA
  • Has initiated an internal review of its operational protocols

The airline also offered financial assistance and counseling support to victims’ families.


Implications for Indian Aviation

  • The incident raises concerns about oversight of privatized carriers
  • Could trigger audits for other airlines (e.g., IndiGo, Akasa)
  • Might lead to stricter enforcement of safety protocols across all carriers
Veer Rana

Veer Rana is a seasoned news anchor covering national affairs, politics, economy, regional issues, science, and health. Known for his sharp analysis and clear reporting, he brings credibility and insight to India’s top stories.

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