The Reserve Bank of India has no current proposal to impose charges on UPI transactions, Governor Sanjay Malhotra announced Wednesday during the post-policy presser. Addressing concerns about possible charges on digital payments, he clarified that UPI will continue to remain free for users under present policy.

Governor Malhotra's statement reinforces the government and RBI’s stance of keeping UPI a zero-cost platform to encourage wider adoption of digital payments across the country. The statement comes at a time when UPI transactions continue to scale record highs, cementing India’s position as the world’s largest real-time payments market.

Paytm (One 97 Communications) share price jumped over 2% shortly after the Governor's statement, and was trading at Rs 1,147 on NSE in the early a

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