RBI Flags UPI Sustainability Concerns

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…