New Delhi : Congress leader Rahul Gandhi on Tuesday alleged that the Modi government has quietly created a path to impose fees on UPI transactions. The Congress said the move raises questions about whether charges could be allowed on higher-value UPI transactions. The Centre has so far not said whether charges would apply to merchant UPI transactions above Rs 2,000. Until now, UPI transactions have not carried any charge, regardless of value.
Rahul Gandhi said the government had quietly paved the way for imposing fees on UPI. “Now, MDR can be levied on merchant UPI transactions above Rs 2,000. He added, “The government says no fees will be charged to customers. But where will the fees imposed on shopkeepers ultimately come from? Added to the prices, straight out of the customer’s pocket.” He also said American payment companies had long opposed India’s zero-MDR policy and alleged that the government had now opened the path to change it in that direction.
Ramesh said, “The stage is clearly being set for all of us to pay a fee for UPI transactions. Tomorrow the cap itself might be changed with another such notification – there is no longer a guarantee in the law. For all we know, the government can introduce a charge for daily person-to-person transactions as well.” He also alleged, “The Modi government has yet again shown complete lack of honesty and transparency and has broken the trust of users.
No bank or system provider can impose, directly or indirectly, any charge on a person making or receiving a payment through a RuPay debit card or a UPI transaction of up to Rs 2,000.The notification follows an amendment to Section 10A of the Payment and Settlement Systems Act, 2007, which creates an enabling framework for imposing a Merchant Discount Rate, or MDR, on payments through UPI and other notified electronic payment modes.
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