High Operational Costs and Cybersecurity Risks Demand Revenue Model for UPI Ecosystem
PhonePe founder and Chief Executive Officer Sameer Nigam has strongly advocated for the introduction of a merchant discount rate on select Unified Payments Interface transactions, emphasizing that India’s digital payments ecosystem requires a sustainable revenue model to support ongoing investment, innovation, and expansion. Speaking at the Business Standard BFSI Insight Summit in Mumbai, Nigam highlighted…
