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Wire · regulatory

MDR fees on UPI, RuPay transactions come amid US pressure for level playing field

6 August 2026 · By · Wire by Fusion42

Published

6 August 2026

Topic

regulatory

◆ Sectors

Fintech

◆ Geography

India

◆ Source

Read at deccanherald.com →

◆ Verified

Fusion42 · 7 August 2026 · Fusion42 review

The Indian government amended the Payment and Settlement Systems Act, 2007, to reintroduce Merchant Discount Rate (MDR) fees on UPI and RuPay debit card transactions, reversing a 2019 policy that had eliminated these fees. This change comes amid US pressure to establish a level playing field in payment systems.

This Wire brief sits within Fusion42's coverage of Fintech, and 45 sources have reported it between 19 Jul 2026 and 5 Oct 2026.

◆ ◆ The Wire takeaway

You face renewed costs on UPI and RuPay transactions as India reverses its MDR waiver following international pressure. Review your payment processing fees and pricing strategy this week to protect margins.

◆ Coverage

45 sources · first reported 19 Jul 2026 · latest 5 Oct 2026

◆ Related on Wire

◆ Topics

Fintechmdr-feesupirupaypayment-regulationindiaus-pressure