New DelhiBig UPI payments in India now cost 0.4%.
Traders warn they’ll push customers back to cash, reversing years of digital adoption.
A parliamentary panel says the government spent about 2,000 crore rupees a year keeping UPI fees at zero.
The finance ministry says the October 15 charge is final despite trader demands to reverse it.
How each outlet framed it
drawn from 200+ reports worldwide
- News18 leans critical
- highlights seasonal timing: 0.4% MDR arrives during festive peak; traders warn of shift to cash payments to offset added costs
- Economic Times
- defends permanence: government rejects rollback, frames MDR as making UPI 'self-sustainable' per international precedent
- The Indian Express leans favorable
Sources: News18, Economic Times, The Indian Express