Bengaluru, Sept. 16 -- Congress leader and AICC general secretary Randeep Singh Surjewala on Wednesday accused the Centre of imposing an additional financial burden on traders and consumers through the proposed Merchant Discount Rate (MDR) on high-value UPI transactions, and questioned the government's justification for the move.
Addressing reporters here, Surjewala claimed that UPI transactions worth Rs 314 lakh crore were recorded in 2025-26 and projected the volume to reach Rs 400 lakh crore in the current financial year.
Referring to government figures, he said only a portion of UPI transactions above Rs 2,000 involved person-to-merchant (P2M) payments and alleged that the proposed 0.4 per cent MDR could impose a substantial burden on...