Hello Guys!
Purchasing food through Swiggy and making payment swiftly using UPI. What ease has UPI provided!
But do you know that there are costs associated to it and its actually mandated by the Govt to be free for the merchants? But the RBI argues that doing so will disincentivise the Payment Service Providers in providing you the facility or actually bringing any new innovation.
So, what is this tussle between the Government and the RBI in considering UPI as a ‘Digital Public Good’?
Let’s unfold and understand the tussle, meanwhile keeping a track of how the payment system actually works!
So, stay tuned and get ready for the current financial happenings around you!
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