The statement came days after a discussion paper by the Reserve Bank of India had sought feedback from stakeholders on the possibility of imposing a tiered charge on the UPI services.
Who should bear the cost of UPI?

The Committee on Deepening Digital Payments constituted by RBI in 2019 under the chairmanship of Shri Nandan Nilekani had opined…

That amount is insufficient, given the Payments Council of India’s estimate of around Rs 5,500 crore MDR forgone.
Make UPI remunerative

A tiered charge is an ideal halfway house, balancing digitisation with adequate compensation for banks

Market Data
Market Data