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Wire · operational-macro

Proposed Legislation Revives MDR Hopes for Large-Value UPI Transactions

4 August 2026 · By · Wire by Fusion42

Published

4 August 2026

Topic

operational-macro

◆ Sectors

Fintech

◆ Geography

India

◆ Source

Read at psuindia.com →

◆ Verified

Fusion42 · 4 August 2026 · Fusion42 review

The Indian government introduced the Payment and Settlement Systems (Amendment) Bill enabling the reintroduction of Merchant Discount Rate (MDR) fees on large-value UPI transactions above ₹2,000, aiming to provide revenue for payment providers to sustain infrastructure and cybersecurity investments.

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

You face a new revenue source as the government lets banks and payment providers charge MDR on high-value UPI transactions above ₹2,000. Adjust your pricing or sales strategy now to capture value from renewed fees on large transactions.

◆ Coverage

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

◆ Related on Wire

◆ Topics

Fintechupimdrdigital-paymentsindiafintech-policy