SShortSingh.
TopTechnologyAI & MLStartupsProgrammingScienceBusinessFinanceCrypto & Web3World
Back to feed
India

RBI Governor: UPI costs already passed to consumers, merchant fees premature

0
·1 views

RBI Governor Sanjay Malhotra has stated that the costs associated with UPI transactions are already being absorbed indirectly by consumers, even if they are not explicitly aware of it. He cautioned that introducing direct charges on merchants for UPI transactions would be premature at this stage. Malhotra stressed that the current focus should remain on strengthening payment infrastructure and expanding its usage. He added that any decision to implement fees must carefully weigh the potential impact on user adoption and continued investment in the payments ecosystem.

Read the full story at Times of India

This is an AI-generated summary. ShortSingh links to the original source for the complete article.

Discussion (0)

Log in to join the discussion and vote.

Log in

Related stories

0
IndiaTimes of India ·

Rahul Gandhi backs Jharkhand student protesters, calls education system deeply flawed

Congress leader Rahul Gandhi used Instagram to express solidarity with students protesting in Jharkhand over NEET-related grievances. Gandhi described the education system as deeply flawed and in urgent need of reform. His statement came after he met with student demonstrators who shared accounts of alleged police brutality during the protests. The students also spoke about discrimination they faced while advocating for their rights.

0 comments Read more at Times of India
0
IndiaTimes of India ·

UP Congress MPs push leadership to pursue SP alliance before state polls

Uttar Pradesh Congress MPs are pressing their party leadership to initiate formal alliance talks with the Samajwadi Party ahead of the upcoming state elections. The MPs broadly agree that a partnership with SP is essential to mount a credible challenge against the BJP in Uttar Pradesh. Party leaders are currently evaluating potential constituencies and compiling relevant data to support the negotiation process. The push reflects Congress's recognition of BJP's strong hold over the state and the need for a united opposition front.

0 comments Read more at Times of India
0
IndiaTimes of India ·

BJP Urges Congress to End Disruptions, Says Amit Shah Ready to Address Parliament

The BJP has accused Congress leaders Rahul Gandhi and Mallikarjun Kharge of spreading misinformation regarding Home Minister Amit Shah's parliamentary presence. According to the BJP, Shah is present at Parliament House daily but has been unable to participate due to ongoing opposition protests. The party stated that continued disruptions by the opposition are hindering legislative work in the House. BJP confirmed that Shah remains in his office and is ready to address the opposition's concerns once parliamentary proceedings resume.

0 comments Read more at Times of India
RBI Governor: UPI costs already passed to consumers, merchant fees premature · ShortSingh