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UPI can't be free forever, says RBI Governor
short by / on 14 Aug 2025,Thursday
RBI Governor Sanjay Malhotra said UPI's free model is subsidised and incurs real costs, with its sustainability under review. ICICI Bank's new processing fees for payment aggregators have revived debate on funding the system. The government will decide future cost-sharing to maintain UPI's rapid digital payment growth.
short by / 03:15 pm on 14 Aug
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