UPI payments need to be made financially sustainable in future: RBI Governor

UPI free transaction service will be discontinued soon, RBI Governor Sanjay Malhotra hinted - Business League

UPI Transactions: Reserve Bank of India Governor Sanjay Malhotra has indicated that UPI transactions will no longer be free forever. This service is currently free due to the subsidy given by the government, but it is not possible to run it for a long time. RBI now wants to make UPI financially self-reliant. This statement indicates that in the coming time, a nominal fee may be imposed on UPI, which may end the era of free digital transactions. …

RBI Flags UPI Sustainability Concerns: Report

The Reserve Bank of India (RBI) has reportedly flagged that Unified Payments Interface’s financial sustainability will depend on changing the system of free digital transactions to include minimal charges. As the UPI system currently operates without any charges for users, it is the government that has been footing the bill by subsidising banks and other stakeholders who enable the seamless, real-time payments infrastructure, RBI Governor Sanjay…

UPI payments need to be made financially sustainable in future: RBI Governor

Mumbai, July 25, 2025 The era of completely free digital transactions via the Unified Payments Interface (UPI) may not last forever, RBI Governor Sanjay Malhotra signalled on Friday, adding that the UPI interface should be made financially sustainable in the future. The UPI system is currently free for users, with the government covering costs by subsidising banks and other stakeholders that support the payments infrastructure. “Costs will have …

RBI Governor flags UPI sustainability concerns, hints at possible lending rate cut

In just two years, the number of daily transactions has doubled from 31 crore to over 60 crore.