Why UPI surcharges are a bad idea

The article critically analyzes the recent Lok Sabha amendment allowing surcharges on UPI and RuPay debit card transactions. While the government cites cost recovery for UPI as the reason, the author argues that UPI should remain a public good, similar to physical currency, due to its significant economic benefits, efficiency, and cost savings from reduced cash printing. The author suggests the real reason for this policy shift is likely pressure from the U.S. in trade negotiations to protect American financial companies like Visa and Mastercard, questioning India's sovereignty and commitment to its most lauded digital achievement.