UPI

NPCI stated, "UPI's charges are much lower than other payment instruments such as credit cards, debit cards, wallets, etc."

The Finance Ministry and National Payments Corporation of India confirmed that only nominal 0.4% charges will be levied on payments to merchants (P2M) transactions above ₹2,000. The revised UPI Merchant Discount Rate (MDR) will come into effect from 15th October 2026.

The Wire claimed Indians are using UPI less after the merchant fee announcement. But no fee imposed yet and UPI still growing.

The misleading headlines and posts not only peddled misinformation about digital payments but also cast suspicions on the government by alleging US pressure behind the decision.

The UPI guidelines will not impact routine payments, but they will aid in decreasing delays and failed transactions.

Bengaluru traders will stage a city-wide bandh on July 25th protesting GST notices.* Tax authorities targeted thousands of small businesses whose UPI transactions exceeded GST registration thresholds (₹40L/₹20L). Traders argue the notices penalise them unfairly, mixing personal transfers with low actual sales. Fearing harassment and ruin, many have abandoned UPI, ironically reversing India's digital payment drive.