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Wire · regulatory

UPI transactions to remain free for consumers; govt clarifies proposed MDR framework

8 August 2026 · By · Wire by Fusion42

Published

8 August 2026

Topic

regulatory

◆ Sectors

Fintech

◆ Geography

India

◆ Source

Read at moneycontrol.com →

◆ Verified

Fusion42 · 28 August 2026 · Fusion42 review

The Indian government has clarified that UPI transactions will remain free for consumers despite discussions around a proposed Merchant Discount Rate (MDR) framework affecting payment providers and merchants.

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

◆ ◆ The Wire takeaway

The government’s move to keep UPI free for consumers protects access and usage but signals new costs shifting to merchants and payment providers you must factor into your pricing and partnerships now.

◆ Coverage

1 source · 8 Aug 2026

◆ Related on Wire

◆ Topics

Fintechupipayment-regulationmdrindiafintech-policy