Ultimately somebody has to fund NPCI for the interchange infrastructure. If the banks have to absorb the cost, then smaller players will be hurt and find it dif

Ultimately somebody has to fund NPCI for the interchange infrastructure. If the banks have to absorb the cost, then smaller players will be hurt and find it difficult to compete. If RBI absorbs the cost, then we are back to the taxpayer situation. There is no such thing as a free service really if you think about it.