Ex‑NITI Aayog VC urges government to keep UPI transactions zero‑fee for years
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AI-generated summary of the coverage listed below: Former NITI Aayog vice chairman Rajiv Kumar has called on the Indian government to maintain zero‑fee UPI transactions for several more years, arguing that a merchant discount rate (MDR) could push some merchants back to cash and harm the growing digital payments ecosystem. Kumar warned that higher fees might slow the adoption of UPI, which is a key driver of financial inclusion and digital commerce across the country.
Covered by 3 outlets across the spectrum: 0% left, 33% center, 67% right.
Who is covering this story
- Center (1): Mid-Day
- Right-leaning (1): Times Now
Sources
- Rajiv Kumar opposes UPI transaction fees, calls digital payments a public good — Mid-Day (center)
- 'Keep UPI Free': Ex-NITI Aayog VC Rajiv Kumar Urges Govt To Continue Zero-Fee — Times Now (right-leaning)
- Why UPI MDR Risks Cash Comeback-Ex-NITI Aayog VC Rajiv Kumar Explains — Times Now (right-leaning)