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Wire · regulatory

Will UPI payments be charged? Govt clarifies amid speculation over MDR rates

9 August 2026 · By · Wire by Fusion42

Published

9 August 2026

Topic

regulatory

◆ Sectors

Fintech

◆ Geography

India

◆ Source

Read at theweek.in →

◆ Verified

Fusion42 · 28 August 2026 · Fusion42 review

The Indian finance ministry clarified that UPI payments will not be charged merchant discount rate (MDR) fees, maintaining the current free status for users and merchants as it prepares to pass the Taxation and Other Laws (Amendment) Bill, 2026 in Parliament.

This Wire brief sits within Fusion42's coverage of Fintech, and 17 sources have reported it between 4 Aug 2026 and 17 Aug 2026.

◆ ◆ The Wire takeaway

Your Indian fintech startup now has confirmation that charging MDR on UPI transactions remains off limits, removing uncertainty in your merchant onboarding and pricing strategy.

◆ Coverage

17 sources · first reported 4 Aug 2026 · latest 17 Aug 2026

◆ Related on Wire

◆ Topics

Fintechupimdrpaymentsindiaregulationfinance-ministry