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Consumers already bearing UPI costs indirectly: RBI governor Malhotra

Published 6 Aug 2026

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India Business News: MUMBAI: RBI governor Sanjay Malhotra said consumers already bear the cost of UPI transactions through the broader economy even if merchant fees are no.

In the past, RBI officials have supported fees at least for large transactions MUMBAI: RBI governor Sanjay Malhotra said consumers already bear the cost of UPI transactions through the broader economy even if merchant fees are not explicitly charged.... [1735 chars]

Source: Times of India

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