BusinessAI imageGovernment Imposes Charges on UPI Payments, Sparking Debate
The Modi government has introduced charges on UPI payments, including MDR and 18% GST, causing concerns among companies and consumers. The MD of a payment company warned of a 1.2 crore loss due to MDR charges. Congress launched a signature campaign opposing these fees, especially on transactions above ₹2000. The government denies any external influence on the MDR decision.
BBC·


