GTRI urges India to keep UPI rules despite US concerns
Business
India's think tank, GTRI, is urging the government not to mess with its current UPI policies, even if the US isn't happy about them.
This comes after a new bill was passed that could let banks and payment apps start charging fees for UPI transactions.
GTRI backs 0-MDR and data localization
GTRI says keeping UPI free (the zero-MDR policy) has helped digital payments boom, especially for small businesses and everyday users.
GTRI says the zero-MDR policy has been a game-changer. Instead of blanket fees, they suggest ideas like government support or only charging for big transactions.
They also want India to keep payment data local and protect its own interests, no matter what outside countries say.