SBI Chairman Calls For Investment To Scale UPI Amid Rising Volumes
· Business · Business Standard
SBI Chairman Ashwini Bhatia stated that India's UPI transaction volumes require significant investment to sustain growth, noting that minimal Merchant Discount Rate (MDR) can support the ecosystem. The remarks come as UPI crosses 10 billion monthly transactions, highlighting the scale of India's digital payments infrastructure. Bhatia emphasized that the current low MDR structure, while beneficial for merchants, necessitates capital allocation to handle the surge in transaction frequency. The statement was made during a banking industry event focusing on the future of digital payments in India.
Why it matters
Minimal MDR rates and sustained investment are critical to keeping UPI affordable for merchants while supporting the infrastructure needed for India's rapidly growing digital economy. The balance will directly impact small businesses and the cost of digital transactions for millions of Indians.
Read the original report — Business Standard
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