Congress denies MPs backed UPI fee proposal

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AI-generated summary of the coverage listed below: In a statement released on Thursday, the Congress party said that its members did not support a proposal to impose a fee on Unified Payments Interface (UPI) transactions. Party leaders clarified that the fee idea was never formally presented to the parliamentary panel and that Congress MPs had raised concerns about the necessity and effectiveness of the Merchant Discount Rate during the panel’s deliberations. The denial comes amid growing criticism of the fee proposal and its potential impact on digital payments.

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