BusinessAI imageGovernment Clarifies Stand on UPI Payment Charges Amid US Pressure Claims
The Indian government has clarified its position on UPI payment charges, rejecting claims that the charges are linked to US pressure. Officials stated that 96% of UPI transactions are exempt from MDR (Merchant Discount Rate) fees. The government emphasized that rolling back the decision is not under consideration, and highlighted the necessity of charges for revenue. Opposition parties like Congress have protested against the UPI fees.
BBC·




