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UPI not free even now, govt subsidising it
Business Standard
|August 07, 2025
For the sustainability of the Unified Payments Interface (UPI) system, it is important that the associated costs are borne by someone, RBI Governor Sanjay Malhotra noted on Wednesday, while emphasising that he never said that the burden will be borne by the users.
"Who pays is important, but not so important as someone footing the bill. For sustainability, whether collectively or individually, someone pays for the costs. The government is subsidising it... I never said that users will have to pay," Malhotra said while addressing the post-Monetary Policy Committee press conference.
Previously, Malhotra had said that the government is subsidising various players such as banks and other stakeholders in the UPI payments system but some costs have to be paid.
Cette histoire est tirée de l'édition August 07, 2025 de Business Standard.
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