Reserve Bank of India Governor Sanjay Malhotra said he does not expect a small fee to significantly affect UPI transaction volumes.
Speaking on the matter, Malhotra said, “As of now, we do not see any drop in volumes. And I don’t personally think that a small fee will have a major impact on the volumes.”
His remarks come amid discussions around merchant discount rate (MDR) and digital payments, with the RBI chief indicating that UPI usage remains steady at present.
Source / Attribution: The Hindu
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