Politics1h ago
Opposition MPs raise concerns over proposed UPI merchant payment fee
AI EXECUTIVE SUMMARY
Opposition lawmakers have expressed apprehension regarding the government's decision to implement a 0.4% transaction fee on merchant payments exceeding ₹2,000 made via the UPI system. This adjustment concludes a nearly six-year period during which all UPI transfers were entirely free of charge for users.
WHY IT MATTERS
This policy change rolls out a new cost structure for digital transactions that were previously free, potentially impacting consumer payment habits and merchant revenues across the country.
Ending nearly six years of fully free UPI payments, the government on September 15 introduced a 0.4% fee on transfers worth more than ₹2,000 made to merchants through UPI from October 15
This story was originally reported by The Hindu — National. As an automated real-time news aggregator, NewsToolBar provides multi-perspective indexing and AI summarization while directing full readership directly to primary publisher sources.
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