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Wire · regulatory

Rahul Gandhi Slams Centre over 'Imposition' of UPI Fees

15 September 2026 · By · Wire by Fusion42

Published

15 September 2026

Topic

regulatory

◆ Sectors

Fintech

◆ Geography

India

◆ Source

Read at clarionindia.net →

◆ Verified

Fusion42 · 17 September 2026 · Fusion42 review

India's government has imposed Merchant Discount Rate (MDR) fees on UPI transactions above Rs 2,000, ending the zero-MDR policy for high-value payments while retaining benefits for small merchants and low-value transactions.

This Wire brief sits within Fusion42's coverage of Fintech, and 3 sources have reported it between 15 Sep 2026 and 17 Sep 2026.

◆ ◆ The Wire takeaway

This fee change shifts the cost burden onto customers or merchants, altering UPI’s core free transaction promise. You should reassess your pricing and client communications now as this regulation opens a new cost dynamic in India’s payments market.

◆ Coverage

3 sources · first reported 15 Sep 2026 · latest 17 Sep 2026

◆ Related on Wire

◆ Topics

Fintechupimerchant-discount-ratefintech-regulationindiapayment-fees