The record
Written from the 1 report below. Nothing here is unsourced.
- Union Minister Pralhad Joshi dismissed Congress allegations that a UPI fee was introduced under pressure from foreign companies.
- Joshi stated that the government invested thousands of crores of rupees to launch UPI and make it a habit among people.
- He clarified that transactions up to Rs 2,000 and street vendors are exempt from any UPI fee.
- A fee of only 0.04% will apply solely to merchants carrying out large-volume transactions.
- Joshi said about 96% of UPI users will face no impact from the fee, making the issue significant for ordinary digital payment users.
What to watch next
- Whether Congress leaders respond to Joshi's dismissal of their allegations
- Any further government clarification on the scope of the UPI fee and exemptions
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Indian-language1
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Named India · Indian National Congress · Pralhad Joshi
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