Introduction The Unified Payments Interface ("UPI") has transformed India's digital payments ecosystem by enabling instant payments without a direct transaction charge for consumers and merchants. However, its unprecedented growth has raised a fundamental question: if UPI transactions remain free for users, who should ultimately bear the cost of maintaining the infrastructure?
Introduction The Unified Payments Interface ("UPI") has transformed India's digital payments ecosystem by enabling instant payments without a direct transaction charge for consumers and merchants.
However, its unprecedented growth has raised a fundamental question: if UPI transactions remain free for users, who should ultimately bear the cost of maintaining the infrastructure?
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Introduction The Unified Payments Interface ("UPI") has transformed India's digital payments ecosystem by enabling instant payments without a direct transaction charge for consumers and merchants. However, its unprecedented growth has raised a fundamental question: if UPI transactions remain free for users, who should ultimately bear the cost of maintaining the infrastructure?
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