Wire · regulatory
Kerala Assembly Passes Motion Against UPI MDR
◆ Sectors
◆ Geography
◆ Source
◆ Verified
Fusion42 · 15 October 2026 · Fusion42 review
The Kerala Legislative Assembly has passed a motion urging the Indian central government to withdraw the proposed 0.4% Merchant Discount Rate (MDR) on UPI transactions above Rs 2,000, citing concerns over increased costs for small businesses and consumers amid inflation. The motion reflects strong political opposition, warning of economic harm, reduced adoption of digital payments, and potential black money generation.
This Wire brief sits within Fusion42's coverage of Fintech, and 45 sources have reported it between 19 Jul 2026 and 15 Oct 2026.
◆ ◆ The Wire takeaway
You face fresh regulatory risk as Indian states push back on fees for digital payments that hit small merchants. This opens a window to influence policy or pivot payments strategies before changes hit.
◆ Coverage
45 sources · first reported 19 Jul 2026 · latest 15 Oct 2026
◆ Related on Wire
◆ Topics