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 FY26 payouts, amid concerns over costs, slowdown and future growth.