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Wire · regulatory

Govt takes first step to levy MDR on UPI; bill proposes to repeal earlier amendment of Zero MDR

3 August 2026 · By · Wire by Fusion42

Published

3 August 2026

Topic

regulatory

◆ Sectors

Fintech

◆ Geography

India

◆ Source

Read at moneycontrol.com →

◆ Verified

Fusion42 · 4 August 2026 · Fusion42 review

The Indian government has initiated a bill to impose Merchant Discount Rate (MDR) fees on Unified Payments Interface (UPI) transactions by proposing to repeal the earlier amendment that allowed zero MDR. This move signals a regulatory change impacting digital payments and fintech providers in the region.

This Wire brief sits within Fusion42's coverage of Fintech, and 12 sources have reported it between 19 Jul 2026 and 12 Aug 2026.

◆ ◆ The Wire takeaway

You face new costs on UPI transactions as the government ends zero MDR status. Digital payment startups must reevaluate pricing and cost structures immediately.

◆ Coverage

12 sources · first reported 19 Jul 2026 · latest 12 Aug 2026

◆ Related on Wire

◆ Topics

FintechUPIMDRdigital-paymentsfintech-regulationIndia