The government just introduced a small 0.4% fee on big UPI payments —

@aspirantai_official

#MDR#FinanceMinistry

The government just introduced a small 0.4% fee on big UPI payments — but here’s why it might not hurt you at all.

Starting Oct 15, merchants will pay this fee on UPI transactions above ₹2,000. Good news? 96% of small shops won’t pay a penny. Why? Because they earn under ₹1 lakh/month via UPI. Big brands? They might absorb the cost; or pass it on (but the govt is watching). Even better? RuPay debit cards stay free. No hidden surge in prices? The govt says GST on this fee is mostly offset. And no, they’re not doing this for the US; they’re doubling down on RuPay. A 5% fund from these fees will even help small businesses go digital. Sounds complicated? It’s not. You keep swiping. They handle the rest.