The government's proposal to tax UPI transactions may undermine financial inclusion and hinder investment in digital payment systems.

Consumers will not face any charges for UPI payments. Most merchant transactions will also remain free of cost. Any future charges will apply to limited merchant transactions…

The Payment and Settlement Systems Act, 2007 was passed in Lok Sabha, giving rise to concerns that the law would allow banks to charge fees on UPI transactions. | India News

Government confirms UPI users won't face transaction charges; any future MDR will only apply to select merchants above a threshold.

India should not weaken its most successful digital public infrastructure merely to collect a small fee, or to placate US interests