India

MDR a small fee, will not have major impact on UPI volumes: RBI Governor Malhotra

“As of now, we do not see any drop in volumes. And I don’t personally think that a small fee will have a major impact on the volumes,” RBI Governor Sanjay Malhotra said

· 10/7/2026, 11:58:45 AM· 2 min read
MDR a small fee, will not have major impact on UPI volumes: RBI Governor Malhotra
“As of now, we do not see any drop in volumes. And I don’t personally think that a small fee will have a major impact on the volumes,” RBI Governor Sanjay Malhotra said
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