'Fee' on UPI transactions: Modi has again surrendered to US, says Rahul

NewsIndia News'Fee' on UPI transactions: Modi has again surrendered to US, says Rahul 'Fee' on UPI transactions: Modi has again surrendered to US, says Rahul New Delhi: Assailing govt over its decision to start charging for UPI transactions, Congress leader Rahul Gandhi Tuesday said, "Just like with the US trade deal, compromised PM Modi is once again surrendering to American pressure."Rahul said, "American payment companies have long opposed India's zero-MDR policy.

Now, Modi govt has opened the path to changing policy in exactly that direction."Congress chief Mallikarjun Kharge said govt's "loot" has now reached UPI. "Sky-high inflation has emptied the common person's pocket.

Wholesale inflation is near 10%, and BJP govt has planned to impose a 'Digital Payments Tax' on public, aiming to destroy whatever little savings they have left," he said.Rahul said MDR can only be levied on merchant UPI transactions, which account for 5% of volume but 65% of value.

Fees on shopkeepers would eventually be passed on to customers, he added. Get the latest India News and Live updates. Download the TOI app. Rajasthan Civic Polls: BJP Dominates, But AAP, CPM Wins BIG Alarm For Congress Ahead Of 2028 UPI ₹2,000 Rule Explained: Will You Pay Extra For ₹5,000 Or ₹10,000 Payments?

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