BusinessAI imageNo Rethink on 0.4% Fee for UPI Payments Above Rs 2,000
The government has decided not to reconsider the 0.4% fee imposed on UPI payments exceeding Rs 2,000. Reports indicate that five Congress MPs did not oppose the UPI tax proposal. The Parliament Standing Committee did not discuss MDR charges on UPI transactions, according to Gaurav Gogoi. Omar Abdullah supports the MDR charges, stating the value of services provided. A plea challenging the MDR levy on merchant UPI transactions over Rs 2,000 is pending in the Supreme Court.
The Indian Express·


