Bhubaneswar, Aug. 6 -- https://images.odishatv.in/uploadimage/library/16_9/16_9_0/recent_photo_1744452902.JPG
As discussions continue around the potential monetisation of UPI transactions, Reserve Bank of India (RBI) Governor Sanjay Malhotra has clarified that India's widely used digital payment system may not remain free of cost in the long run.
Speaking during the RBI's monetary policy committee meeting on August 6, Malhotra addressed concerns over whether charges like the Merchant Discount Rate (MDR) could eventually be passed on to users.
"I never said that it cannot remain free forever," Malhotra said in response to a direct question on MDR and other possible user-facing charges.
MDR refers to the fee that businesses pay to payment...