RBI has funds to pay for UPI platform without having to charge merchants, customers

The Reserve Bank of India (RBI) has announced that it has sufficient funds to cover the costs of the Unified Payments Interface (UPI) platform, meaning that merchants and customers will not be charged for using the service. This development is significant for the Indian economy as it will promote digital payments and reduce the financial burden on consumers. The move is also seen as a step towards making digital transactions more accessible and affordable for the general public.

Read the source report: The Hindu