RBI Governor Clarifies: No Proposal to Levy Charges on UPI Transactions Amid Record Growth
Unified Payments Interface (UPI), India’s most popular digital payments platform, continues to soar with record-breaking growth, and the Reserve Bank of India (RBI) has once again reassured users that no proposal exists to impose charges on UPI transactions. RBI Governor Sanjay Malhotra addressed the matter during the post-Monetary Policy Committee (MPC) meeting, clarifying recent concerns….
