Digital payments subsidy shrinks to Rs 8,000 crore over four years despite higher budgetary allocation

Digital payments subsidy shrinks to Rs 8,000 crore over four years despite higher budgetary allocation

The digital payments industry has received about Rs 8,000 crore in subsidy payments over four years for UPI and RuPay debit card payments, against a higher allocation. The government removed MDR on these payments, and the fintech industry is yet to receive FY…

The digital payments industry has received around Rs 8,000 crore in subsidy payments over the last four years for Unified Payments Interface transactions and RuPay debit card payments, according to t… [+2405 chars]