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Wire · operational-macro

Finance Ministry introduces Bill to enable MDR on UPI and digital payments

4 August 2026 · By · Wire by Fusion42

Published

4 August 2026

Topic

operational-macro

◆ Sectors

Fintech

◆ Geography

India

◆ Source

Read at moneycontrol.com →

◆ Verified

Fusion42 · 4 August 2026 · Fusion42 review

India's Finance Ministry has introduced a Bill to enable Merchant Discount Rates (MDR) on UPI and digital payments, potentially modifying current zero MDR policies to support digital payment infrastructure costs.

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

Your UPI-based payment fintech faces a new cost structure as MDR fees return, changing the economics of digital transaction processing and opening paths to new revenue or cost pressures.

◆ Coverage

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

◆ Related on Wire

◆ Topics

Fintechupimdrdigital-paymentsregulationindia