27-July-2025
Banking
 
FE Exclusive: ‘Costs will have to be paid’, RBI Governor hints, free UPI era is over
26-Jul-2025

The era of completely free digital transactions via the Unified Payments Interface (UPI) may be over soon, RBI Governor Sanjay Malhotra hinted at the Financial Express BFSI event in Mumbai today. While the UPI system remains free for the users, the cost for maintaining the payment infrastructure behind the service is borne by the government through subsidising banks and other stakeholders.

News Source:- https://www.financialexpress.com/policy/economy-fe-exclusive-costs-will-have-to-be-paid-rbi-governor-hints-free-upi-era-is-over-3926695/
 
 
 

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