Small Fee Will Not Impact UPI Transaction Volumes, Says RBI Governor Sanjay Malhotra
· Business · Indian Express, Hindustan Times, Zee News
Reserve Bank of India Governor Sanjay Malhotra stated in Kochi on October 7, 2026, that a small fee will not have a major impact on Unified Payments Interface transaction volumes. The statement addresses potential consumer cost concerns regarding digital payment adoption in India.
Why it matters
RBI's stance on transaction fees directly affects millions of daily UPI users and digital payment service providers across India.
Read the original report — Indian Express
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