Who are the biggest beneficiaries of the new UPI tax?
• PhonePe
• Google Pay
PhonePe and Google Pay hold 86% market share
In such a scenario, MDR revenue will boost their earnings and valuation
These are American companies
By collecting from the pockets of Indians, the coffers of American companies are being filled.
Once, Indira Gandhi ji was asked whether she leaned left or right. Her reply: neither left nor right I keep my spine straight. But Modi ji follows a different principle: he has chosen to lie flat before Donald Trump. To hand America massive profits, he has slapped charges on UPI and taxed every single Indian. Modi ji, keep your spine straight roll back the UPI tax.
~ Rahul Gandhi ji, Leader of the Opposition
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