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Wire · regulatory

UPI users to face no transaction charges; P2P payments to remain free : Govt

8 August 2026 · By · Wire by Fusion42

Published

8 August 2026

Topic

regulatory

◆ Sectors

Fintech

◆ Geography

India

◆ Source

Read at cnbctv18.com →

◆ Verified

Fusion42 · 28 August 2026 · Fusion42 review

The Government of India has confirmed that person-to-person (P2P) UPI transactions will remain free, and no transaction charges will apply to users. Any future merchant discount rate (MDR) will be nominal, threshold-based, and limited to a small subset of merchant transactions to sustain UPI's growth.

This Wire brief sits within Fusion42's coverage of Fintech, and 5 sources have reported it between 8 Aug 2026 and 10 Aug 2026.

◆ ◆ The Wire takeaway

Indian merchants face a forthcoming cost barrier on larger UPI payments, but users keep free peer payments. You need to plan pricing and customer retention around possible MDR fees on merchants without impacting user growth.

◆ Coverage

5 sources · first reported 8 Aug 2026 · latest 10 Aug 2026

◆ Related on Wire

◆ Topics

Fintechupitransaction-chargesmdrpaymentsindiafintech-regulation