India’s Unified Payments Interface is public infrastructure and not just another commercial service
· livemint.com
This platform is one of India’s most important contributions to the emerging global architecture of digital public infrastructure. Its success came from reducing transaction friction. Here's why it makes eminent economic sense to keep UPI fully free.
There is an important distinction between cost and price. Many types of public infrastructure are costly, but we don’t collect a toll at every point of use. T...