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Wire · regulatory

Supreme Court Seeks Centre Reply On MDR For UPI Payments Above ₹2000

29 September 2026 · By · Wire by Fusion42

Published

29 September 2026

Topic

regulatory

◆ Sectors

Fintech

◆ Geography

India

◆ Source

Read at outlookindia.com →

◆ Verified

Fusion42 · 29 September 2026 · Fusion42 review

The Supreme Court has requested the Indian government's response to a public interest litigation challenging the proposed Merchant Discount Rate (MDR) on UPI person-to-merchant payments above ₹2,000, questioning the legal basis for the levy while refusing to stay the scheduled October 15 rollout.

This Wire brief sits within Fusion42's coverage of Fintech, and 13 sources have reported it between 16 Sep 2026 and 29 Sep 2026.

◆ ◆ The Wire takeaway

You face a tightening regulatory environment as the legal basis of MDR on UPI payments is challenged but government rollout continues. Prepare for compliance changes and plan for potential shifts in merchant payment models.

◆ Coverage

13 sources · first reported 16 Sep 2026 · latest 29 Sep 2026

◆ Related on Wire

◆ Topics

Fintechupimdrsupreme-courtfintech-regulationpayments