Pass the buck to RBI, banks: Let the savings from digital payments fund UPI costs, not consumers

The RBI's MDR introduction on UPI transactions above ₹2,000 faces criticism. This move may discourage digital payments and encourage a return to cash. Savings from reduced currency printing should cover fintech expenses instead. Digital payments have significantly reduced RBI's currency printing expenditure. Incentivizing digital payments is crucial for curbing the parallel economy.