India, Sept. 16 -- Entrepreneur Ashneer Grover on Tuesday reacted to the recent announcement of a merchant charge on UPI transactions above Rs.2,000 and said that the move does stand to ultimately impact consumers.

In a TV interview, the former BharatPe co-founder questioned the move to impose a fee on merchants accepting UPI payments above Rs.2,000, despite the government's clarification that UPI payments between two individuals will remain free of charge, irrespective of the amount.

Grover argued that any levy imposed with respect to UPI payments should clearly be called a "tax". In an interview with Times Now, Grover was asked about the argument that only those who can "afford" the fee are being asked to pay it. Shredding the logic, ...