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SBI missed the payments bus, now playing catch-up with YONO Pay: Chairman CS Setty
State Bank of India chairman admits missing digital payments bus, while YONO app attempts to catch up. Banks and fintech firms argue UPI merchant payments may soon incur charges. UPI processes billions of transactions monthly, with rising infrastructure and cybersecurity costs. SBI reported a 13.73% rise in consolidated net profit for the June quarter.
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timesofindia.indiatimes.com
‘UPI infra mostly shared, costs can’t be singled out’
MUMBAI: State Bank of India chairman CS Setty on Friday said it is not possible to quantify the increase in operating costs due to UPI causing a higher volume of transactions to…
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economictimes.indiatimes.com
SBI missed the payments bus, now playing catch-up with YONO Pay: Chairman CS Setty
State Bank of India chairman admits missing digital payments bus, while YONO app attempts to catch up. Banks and fintech firms argue UPI merchant payments may soon incur charges.…
