Economic think tank says govt should withdraw proposed UPI charges. Here’s why

Economic think tank, the Global Trade Research Initiative (GTRI) has suggested that the Centre withdraw its proposed 0.4% merchant discount rate (MDR) charge on select person-to-merchant (P2M) UPI transactions, PTI reported.

“The government should withdraw the proposed UPI charges scheduled to take effect on October 15 and keep UPI free for merchants and consumers,” said GTRI Founder Ajay Srivastava.