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SBI cannot separately calculate UPI costs: Chairman CS Setty - The Economic Times
CS Setty, the chairman of State Bank of India, said that quantifying transaction costs for UPI remains a challenge. As debates about introducing potential fees for UPI merchant payments gain traction, the government is exploring possible legal adjustments for transactions exceeding Rs 2,000. Meanwhile, industry analysts advocate for capped merchant discount rates for larger retailers, while person-to-person UPI transfers are anticipated to stay free for users.
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timesofindia.indiatimes.com
Consumers already bearing UPI costs through broader economy: RBI governor
NEW DELHI: RBI governor Sanjay Malhotra said consumers already bear the cost of UPI transactions indirectly even if merchant fees are not explicitly charged.Responding to…
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thehindu.com
RBI has funds to pay for UPI platform without having to charge merchants, customers
RBI has sufficient funds to maintain the UPI platform without charging merchants or customers, despite proposed transaction fees.
