UPI fee hike: Opposition alleges US pressure; false, says government
The National Payments Corporation of India announced a 0.4% fee on UPI transactions over ₹2,000 starting October 15. Opposition leaders, including Rahul Gandhi, accused the government of succumbing to US pressure, claiming it benefits American card companies. The Ministry of Finance refuted these claims, asserting that UPI policy decisions are made independently to foster a sustainable digital payments ecosystem.