The basic services of UPI will continue to remain free. Work is on with the government for incentives,” he told reporters. “But the value-added services of UPI, where the ecosystem needs some incentives to drive the adoption – whether it is mandate and credit – that’s how the benefits will be accrued and the larger benefits for merchants and consumers would come from that.”
Citi bullish on Indian equities, sees Nifty at 28,000 by end-2027
Citi Research projects that India’s benchmark Nifty 50 index could hit 28,000 points by the end of 2027. This forecast is based on strong earnings
November 9, 2026