Wire · operational-macro
'Everything on record': Finance panel chief defends UPI report
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Fusion42 · 19 September 2026 · Fusion42 review
The Parliamentary Standing Committee on Finance defended its unanimous report on the Demands for Grants, clarifying its structured process amid controversy about Merchant Discount Rate (MDR) proposals for UPI transactions above Rs 2,000, which will see a 0.4% MDR fee from October 15, 2026.
This Wire brief sits within Fusion42's coverage of Fintech, and 27 sources have reported it between 15 Sep 2026 and 5 Oct 2026.
◆ ◆ The Wire takeaway
You face a new cost on UPI transactions above Rs 2,000 starting October 15, changing your pricing and customer messaging. NPCI's MDR adjustment signals tighter revenue models in digital payments that you must factor immediately.
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27 sources · first reported 15 Sep 2026 · latest 5 Oct 2026
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