Drop decision to impose fee on UPI transactions: Pinarayi

The record

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Kerala Leader of the Opposition Pinarayi Vijayan has criticised the Union government's decision to impose a fee on UPI transactions above ₹2,000.
The announced charge is 0.4% on transactions exceeding ₹2,000, which Vijayan called "daylight robbery".
Vijayan said the fee would turn the UPI system into a tool for fintech companies to reap profits.
He argued that although the fee would be collected from merchants, merchants would hike prices and push the burden onto consumers.
The criticism matters because ordinary people, unorganised-sector workers and small traders adopted digital payments after being assured the system would remain free of charge.

Whether the Union government rolls back or modifies the 0.4% fee on UPI transactions above ₹2,000.
Whether other political leaders or trader bodies join the opposition to the UPI fee.
Whether the government clarifies how the merchant fee will be implemented and whether consumers will be shielded.

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Leader of the Opposition

1 quote · 1 outlet

“The decision to impose 0.4% fee on transactions above ₹2,000 is tantamount to picking pockets”
[1]The Hindu — Kerala4d agoOpen at the quote ↗
In the article
…were promoted among the people by convincing them that it would remain free of charge. Believing the government, ordinary people, workers in the unorganised sector and small traders embraced digital transactions. The decision to impose 0.4% fee on transactions above ₹2,000 is tantamount to picking pockets , he said. Published - September 17, 2026 08:51 pm IST…

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Named India · Pinarayi Vijayan · Union Government of India

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