RBI Flags UPI Sustainability Concerns

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SUMMARY

The government is subsidising various players such as banks and other stakeholders in the UPI payments system

RBI Governor Sanjay Malhotra said, for any service to be truly sustainable, “its cost should be paid whether collectively or by the user”

Based on a survey from last year, a majority of nearly 73% users opposed to levying a transaction fee on UPI transactions

The Reserve Bank of India (RBI) has flagged that Unified Payments Interface’s financial…



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RBI Flags UPI Sustainability Concerns


SUMMARY

The government is subsidising various players such as banks and other stakeholders in the UPI payments system

RBI Governor Sanjay Malhotra said, for any service to be truly sustainable, “its cost should be paid whether collectively or by the user”

Based on a survey from last year, a majority of nearly 73% users opposed to levying a transaction fee on UPI transactions

The Reserve Bank of India (RBI) has flagged that Unified Payments Interface’s financial…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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