Wire · regulatory
UPI transactions to remain free for consumers; govt clarifies proposed MDR framework
◆ Sectors
Fintech
◆ Geography
India
◆ Source
◆ 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
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◆ Topics
Fintechupipayment-regulationmdrindiafintech-policy