GTRI urges government to drop proposed UPI charges
In short
The Global Trade Research Initiative wants the government to withdraw proposed UPI charges set for October 15.
It says fees on UPI could hurt small businesses, shoppers, banks, payment apps, and merchants. The report does not say whether the government will change the plan.
What the reporting says
The Global Trade Research Initiative urged the government to withdraw proposed UPI charges set for October 15, according to the publisher-supplied summary. The group said fees on UPI transactions could hurt small businesses, consumer spending, banks, payment apps, and merchants. The immediate question is whether the government will proceed, but the reporting does not state any final policy decision.
Why it matters
The Global Trade Research Initiative has urged the government to withdraw proposed UPI charges set for October 15. The summary says fees on UPI transactions could reduce consumer spending, hurt small businesses, and lower merchant earnings, while keeping UPI free would support digital payments and benefit banks and payment apps. The reporting does not say whether the government intends to revise or keep the proposal.