Sunday, August 10, 2025
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Tag: UPI Transaction Charges

RBI Governor Clarifies UPI Not Truly Free, Highlights Government’s Rs. 8,000 Crore Subsidy

RBI Governor Shaktikanta Das clarified that UPI is not truly free, highlighting that the government has subsidized over ₹8,000 crore to keep it so for users. He praised the Modi government's support for promoting digital payments while underlining the operational costs involved in maintaining UPI’s infrastructure.