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75% users could quit UPI if fees levied on transactions: Survey
short by Garima Garg / on Monday, 13 April, 2026
Around 75% users might stop using UPI if transaction fees are introduced, according to the UPI@10 survey by LocalCircles. This comes after a parliamentary committee suggested bringing back the MDR (Merchant Discount Rate) on UPI to make the system financially sustainable. Applying a fee could reportedly slow India's digital payments growth and push users back to cash.
read more at NDTV Profit