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Wire · regulatory

Lok Sabha passes bill to authorise govt to permit banks to levy charges on UPI transactions

7 August 2026 · By · Wire by Fusion42

Published

7 August 2026

Topic

regulatory

◆ Sectors

Fintech

◆ Geography

India

◆ Source

Read at newsonair.gov.in →

◆ Verified

Fusion42 · 29 August 2026 · Fusion42 review

The Lok Sabha passed a bill authorising the Indian government to permit banks to levy charges on UPI transactions, marking a regulatory shift in digital payments.

This Wire brief sits within Fusion42's coverage of Fintech, and 2 sources have reported it.

◆ ◆ The Wire takeaway

Your Indian fintech startup faces a new cost structure as banks gain approval to charge for UPI transactions, opening a revenue risk and forcing a rethink on pricing or customer incentives.

◆ Coverage

2 sources · 7 Aug 2026

◆ Related on Wire

◆ Topics

Fintechupidigital-paymentsregulationbanking-feesindia