Jammu and Kashmir CM Omar Abdullah Backs Centre on UPI Charges
· India · The Hindu, News18, Hindustan Times
Jammu and Kashmir Chief Minister Omar Abdullah voiced support for the central government on Wednesday, September 16, 2026, regarding levy charges on UPI transactions in Srinagar. He stated that maintaining and operating digital payment infrastructure requires substantial funds, adding that services offered completely free are often not valued properly. However, Mr. Abdullah cautioned the government to protect retail consumers from these fees. He noted that person-to-person transfers carry no charge and individual consumers are exempt unless they cross a specific spending ceiling, while companies profiting from UPI should bear the cost.
Why it matters
The debate over UPI merchant discount rates affects digital payment adoption across India and determines whether transaction costs shift to merchants or everyday consumers.
Read the original report — The Hindu
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