Government Stands Firm on UPI Merchant Fee, Rejects Rollback Demands

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The Indian government has maintained its position on introducing a merchant fee for UPI transactions, dismissing calls for a rollback. Officials clarified that the proposed charges would apply to only 4% of total UPI transactions, limiting the scope of the impact. The move has drawn criticism from various stakeholders who had urged the government to reconsider the policy. Authorities appear confident that the limited coverage of the fee will address concerns about overburdening small merchants and everyday users.

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