๐ค MPs Question New UPI Merchant Fee Hike
Opposition MPs voiced strong concerns regarding the government's plan to charge merchants for UPI payments exceeding โน2,000. The issue was raised during a meeting on Wednesday, September 16, 2026, by members like N.K. Premchandran. Starting October 15, the government will introduce a 0.4% fee on such high-value merchant transfers. This move ends the near six years of entirely free UPI transactions for merchants. The Finance Ministry assured that everyday person-to-person payments will remain free for users. ๐ธ