Deccan Herald ·
Economy, business and finance
UPI: India risks being penny-wise about cost and pound-foolish about governance
India’s UPI MDR policy risks undermining digital trust with 0.4% charge on transactions above Rs 2,000. Explore how commercial sustainability clashes with public infrastructure economics and cybersecurity needs.
UPI succeeded because India treated digital payments as infrastructure for economic participation. That achievement should not be casually converted into a toll road because the network has become commercially valuable.