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SUMMARY
The government is subsidising various players such as banks and other stakeholders in the UPI payments system
RBI Governor Sanjay Malhotra said, for any service to be truly sustainable, “its cost should be paid whether collectively or by the user”
Based on a survey from last year, a majority of nearly 73% users opposed to levying a transaction fee on UPI transactions
The Reserve Bank of India (RBI) has flagged that Unified Payments Interface’s financial…
