
28/07/2025
RBI Hints at UPI Charges Soon: Free Transactions May End
RBI Governor Sanjay Malhotra has indicated that UPI transactions may no longer remain free, citing the need for long-term sustainability. Currently, the government subsidizes the cost of digital payments, but Malhotra stressed this model isnāt viable forever. He hinted that the cost burden may soon be shared by users or stakeholders. With over 12 billion monthly UPI transactions, any charges could impact millions. While no specific fees or timelines are announced, the statement has raised concerns among digital users and small merchants.