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Wire · regulatory

Debit card rule may act as template to shield UPI users from MDR fee

22 August 2026 · By · Wire by Fusion42

Published

22 August 2026

Topic

regulatory

◆ Sectors

Fintech

◆ Geography

India

◆ Source

Read at business-standard.com →

◆ Verified

Fusion42 · 22 August 2026 · Fusion42 review

The Reserve Bank of India’s 2017 rule prohibiting merchants from passing debit card MDR fees to customers may serve as a model to prevent merchants from charging UPI users similar fees, with enforcement expected to be overseen by the RBI.

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 must prepare for stricter rules blocking merchants from passing UPI transaction fees to customers as the RBI moves to regulate MDR charges like it did for debit cards. This opens a clearer market for payment apps free from hidden charges.

◆ Coverage

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

◆ Related on Wire

◆ Topics

Fintechupimdr-feerbi-regulationnpcpayment-fees