RBI Governor Sanjay Malhotra says UPI transactions to remain free of any charges
MUMBAI: Reserve Bank Governor Sanjay Malhotra, who had earlier stated that UPI cannot remain free forever and that someone else is now paying for it, on Wednesday said the digital payment app will remain a zero-cost platform to encourage its wider adoption.
“Currently, we have no proposal to impose any charges on UPI transactions,” Governor Malhotra said during the customary post-policy presser in response to a question from the press.
