Wire · operational-macro
UPI charges above ₹2000? Government opens door to new merchant fee regime
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Fusion42 · 15 September 2026 · Fusion42 review
The Indian government has set a ₹2,000 threshold for UPI transactions below which no merchant discount rate (MDR) will be charged, opening regulatory space for fees on higher-value merchant payments to support payment infrastructure sustainability while keeping consumer charges free.
This Wire brief sits within Fusion42's coverage of Fintech, and 44 sources have reported it between 19 Jul 2026 and 15 Sep 2026.
◆ ◆ The Wire takeaway
You must prepare for fees on higher-value UPI merchant payments above ₹2,000 as the government enables charges to sustain payment infrastructure. This shift opens a revenue source to investors and fintech partners while preserving free use below the threshold.
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44 sources · first reported 19 Jul 2026 · latest 15 Sep 2026
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