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Wire · operational-macro

Somebody must bear the cost of UPI transactions: RBI guv

5 August 2026 · By · Wire by Fusion42

Published

5 August 2026

Topic

operational-macro

◆ Sectors

Fintech

◆ Geography

India

◆ Source

Read at newindianexpress.com →

◆ Verified

Fusion42 · 5 August 2026 · Fusion42 review

The RBI governor indicated that costs for UPI transactions must be borne by someone as the government considers allowing merchant discount rates (MDR) on certain UPI payments. The new Taxation and Other Laws (Amendment) Bill, 2026, grants the Centre discretion to decide which electronic payment methods could carry fees.

This Wire brief sits within Fusion42's coverage of Fintech, and 40 sources have reported it between 19 Jul 2026 and 22 Aug 2026.

◆ ◆ The Wire takeaway

The shift toward charging merchants for UPI transactions affects your pricing model if you facilitate payments. This change could open revenue opportunities or impose new costs depending on who you serve.

◆ Coverage

40 sources · first reported 19 Jul 2026 · latest 22 Aug 2026

◆ Topics

Fintechrbiupimerchant-discount-ratepayment-regulationfintechindia