UPI MDR rollout: Govt weighs checks to prevent merchants passing cost to consumers

The Indian government is considering regulatory measures to prevent merchants from passing on the cost of UPI MDR (Merchant Discount Rate) charges to consumers, aiming to protect user interests in digital payments.

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