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Wire · operational-macro

Rahul Gandhi criticises Centre over 'imposition' of UPI fees, BJP says 'Jhooth ki Goonj'

Published

15 September 2026

Topic

operational-macro

Sectors

Fintech

Geography

India

Source

Read at theshillongtimes.com

Verified

Fusion42 · 15 September 2026 · Fusion42 review

The Indian government has revised the Merchant Discount Rate (MDR) policy, imposing fees on UPI transactions above Rs 2,000 for merchants, triggering political backlash with opposition accusing the government of passing costs to consumers while ruling party defends the change.

This Wire brief sits within Fusion42's coverage of Fintech.

◆ The Wire takeaway

UPI payment providers must plan for the newly imposed merchant fees on transactions above Rs 2,000 as pricing models will need adjustment this quarter. The shift signals a revenue opportunity for fintech players serving merchants but tightens cost pressures on smaller users.

Coverage

1 source · 15 Sep 2026

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Topics

Fintechupi-feesmdrpayment-regulationindiafintech-policy