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Re:Bank transfers as a payment method by onion2k on Saturday November 27, 2021 @02:49AM (#29358392)
It obviously costs money to banks to maintain the infra that makes UPI possible.

Cash printing, distribution, and handling is super expensive. Replacing a big chunk of that with some servers and data costs would be a huge win.

Plus they get all that valuable data about what everyone is doing...

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