Business6h ago
Government can bear cost of maintaining UPI network: BJD MP Santrupt Misra
AI EXECUTIVE SUMMARY
BJD parliamentarian Santrupt Misra stated that the government should absorb the costs associated with running the Unified Payments Interface network. He noted that the National Payments Corporation of India, the operator of UPI, is backed by major financial institutions and platforms.
WHY IT MATTERS
The proposal directly questions the current financial model of India's dominant digital payments infrastructure, potentially shifting maintenance costs from private stakeholders to the state.
Santrupt Misra said the National Payments Corporation of India (NPCI), which operates UPI, has large financial banks and platforms as its shareholders and promoters
This story was originally reported by The Hindu โ Business. As an automated real-time news aggregator, NewsToolBar provides multi-perspective indexing and AI summarization while directing full readership directly to primary publisher sources.
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