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Small MDR fee won’t not have any impact on UPI volumes: RBI Governor

Reserve Bank of India (RBI) Governor Sanjay Malhotra said on Wednesday that the new merchant charges on Unified Payments Interface (UPI) transactions are a small fee that will not adversely impact the momentum of the country’s digital payments.

Munsif Daily 7/10/2026, 3:47:10 pm IST

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