Home / News / India News / Article / Congress calls 0.4 per cent UPI fee above Rs 2,000 ‘Modi tax’, government rules out rollback

Congress calls 0.4 per cent UPI fee above Rs 2,000 ‘Modi tax’, government rules out rollback

There is no question of a re-think on the issue of imposition of 0.4 per cent MDR charges on UPI transactions, government sources said on Wednesday

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Congress has launched ‘PayPM’ protest using Paytm-style QR code. PIC/X/@kharge

Congress has launched ‘PayPM’ protest using Paytm-style QR code. PIC/X/@kharge

Slamming the imposition of a 0.4 per cent fee on UPI payments above Rs 2000 to merchants, the Congress on Tuesday dubbed it as “Modi tax” and alleged that a “compromised” PM had “surrendered” to US pressure.

The Congress accused the government of giving into a US demand to get rid of zero Merchant Discount Rate (MDR) and charge for UPI, and took a swipe at the PM, saying he has “redefined NOTA —  Narendra’s Ongoing Trump Appeasement.”

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