*Socialist Party (India) strongly opposes the proposed 0.4% MDR charges on UPI transactions*
The proposed Merchant Discount Rate (MDR) on UPI transactions above ₹2,000 could place an additional financial burden on small traders, merchants and ordinary consumers. At a time when digital payments need to remain accessible and affordable, additional transaction charges should not become a burden on the public.
Our key demands:
🔴 Withdraw the proposed MDR charges on UPI merchant transactions.
🔴 Do not impose additional financial burdens on small traders and merchants.
🔴 Keep UPI affordable and easily accessible to the public.
🔴 Hold consultations with traders, consumers and public representatives before introducing any new charges.
Digital payments should serve the people — not create additional financial burdens!
— Dr. Totakura Hareesh Swamy Kumar
National Secretary,
National Spokesperson,
*

Socialist Party (India)*