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

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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

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