Wire · operational-macro
Small fee won't have major impact on UPI transaction volumes: RBI Governor
◆ Sectors
Fintech
◆ Geography
India
◆ Source
◆ Verified
Fusion42 · 7 October 2026 · Fusion42 review
RBI Governor Sanjay Malhotra stated that a small fee imposed on UPI transactions will not significantly affect transaction volumes.
This Wire brief sits within Fusion42's coverage of Fintech, and 2 sources have reported it.
◆ ◆ The Wire takeaway
You should prepare for sustained UPI transaction volumes despite new fees, as the RBI signals limited impact on user behaviour. This steadiness keeps digital payments platforms viable for growth and innovation.
◆ Coverage
2 sources · 7 Oct 2026
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◆ Topics
FintechUPItransaction-feeRBIdigital-paymentsIndia