MDR on UPI payments above Rs 2000: Supreme Court to hear challenge plea on Monday

The Supreme Court of India will hear a plea challenging the government's decision to impose a Merchant Discount Rate (MDR) on UPI payments above Rs 2,000, which ends six years of free UPI payments and introduces fees for certain person-to-merchant transactions starting October 15.

This Wire brief sits within Fusion42's coverage of Fintech, and 45 sources have reported it between 19 Jul 2026 and 5 Oct 2026.