Drop decision to impose fee on UPI transactions: Pinarayi

Leader of the Opposition Pinarayi Vijayan has slammed the Union government decision to impose payments on transactions made via the Unified Payments Interface (UPI), calling it “daylight robbery.”

Mr. Vijayan said the government measure, which would transform the UPI system as a tool for fintech companies to reap profits, cannot be accepted. He demanded immediate rollback of the decision, saying that ultimately the burden would fall on the common man.

“Although the government says the fee will be collected from merchants, they will hike prices to push the burden on to consumers,” he said.