UPI MDR fee hike explained in 10 points: No rollback, Rahul Gandhi vs Centre
The Indian government confirmed there will be no rollback of the proposed 0.4% fee on UPI transactions exceeding ₹2,000, effective October 15. Opposition figures, including Rahul Gandhi, have criticized the move, claiming it reflects undue foreign influence. A legal challenge against the fee has already been filed in the Supreme Court, intensifying the debate.