Deccan Herald ·
Politics
UPI charges row: Rahul Gandhi slams Modi, says PM 'prostrated' before Trump
Opposition leaders demand rollback of 0.04% UPI fee on merchant transactions from October 15, alleging US pressure and profiteering by Google Pay and PhonePe. Congress claims it boosts American firms while burdening Indians amid inflation and unemployment.
The decision to introduce a 0.04% fee on transfers worth more than Rs 2,000 has not gone down well in several quarters amid fears that it could reverse gains in digital payment adoption among small retailers.