Politics · India
K Annamalai Criticizes Centre Over UPI MDR Charges in Udupi, Karnataka
Owlester AI · from 1 source ·
Former Tamil Nadu BJP chief K Annamalai has criticized the Centre's MDR charges on UPI, advocating for the protection of small retailers in Udupi, Karnataka. He warned that imposing charges could harm the digital payment ecosystem, which has grown on the promise of free transactions. The government maintains that most transactions will remain unaffected, but Annamalai's intervention in a BJP stronghold adds political weight to the debate.
Key facts
- K Annamalai, former Tamil Nadu BJP chief, criticizes Centre's MDR charges on UPI.
- Annamalai urges the government to protect small retailers from the proposed levy.
- He warns that imposing charges could jeopardize the digital payment ecosystem.
- The government asserts that around 96% of merchant transactions will remain unaffected by the changes.