GTRI urges govt to withdraw proposed UPI charges
In short
The Global Trade Research Initiative asked the government to drop proposed UPI charges set for October 15. It said new fees could hurt small businesses, shoppers, banks, and payment apps.
This matters because UPI is widely used for digital payments in India. The report does not say whether the government will keep, change, or cancel the plan.
What the reporting says
The Global Trade Research Initiative urged the government to withdraw proposed UPI charges scheduled for October 15. The group said fees on UPI transactions may hurt small businesses, consumer spending, banks, and payment apps, while keeping UPI free supports digital payments. The report does not say whether the government plans to proceed, change, or cancel the proposal.
Why it matters
The Global Trade Research Initiative called on the government to withdraw proposed UPI charges due for October 15. The summary says the group warned the fees could raise costs for consumers, reduce merchant earnings, and affect banks and payment apps, while free UPI supports digital payments. The immediate issue is policy risk for India’s payments ecosystem, but the government’s next step is not stated.