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Wire · operational-macro

'Will Not Be Charged...': PhonePe CEO's Big Statement For Users Amid UPI Fee Speculation

8 August 2026 · By · Wire by Fusion42

Published

8 August 2026

Topic

operational-macro

◆ Sectors

Fintech

◆ Geography

India

◆ Source

Read at ndtvprofit.com →

◆ Verified

Fusion42 · 29 August 2026 · Fusion42 review

PhonePe CEO Sameer Nigam confirmed that UPI payments in India will remain free for consumers amid fee speculation, supported by the Payments Council of India's statement and a recent Lok Sabha bill allowing banks to levy fees only on large merchants, not on consumers or small merchants.

This Wire brief sits within Fusion42's coverage of Fintech, and 6 sources have reported it between 8 Aug 2026 and 9 Aug 2026.

◆ ◆ The Wire takeaway

Indian fintech founders can discount consumer UPI fee risks now as regulator signals clear protection for users. Redirect focus to monetisation models beyond consumer fees to capture revenue from larger merchants.

◆ Coverage

6 sources · first reported 8 Aug 2026 · latest 9 Aug 2026

◆ Related on Wire

◆ Topics

Fintechupipaymentsfee-regulationindiadigital-transactions