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Wire · operational-macro

Finance Ministry Proposes UPI Fee Changes

4 August 2026 · By · Wire by Fusion42

Published

4 August 2026

Topic

operational-macro

◆ Sectors

Fintech

◆ Geography

India

◆ Source

Read at bhaskarenglish.in →

◆ Verified

Fusion42 · 4 August 2026 · Fusion42 review

The Finance Ministry of India proposes amending the Payment and Settlement Systems Act to allow reintroduction of Merchant Discount Rate (MDR) fees on UPI transactions, targeting merchants but not consumers, aiming to create a sustainable revenue model for the digital payments ecosystem.

This Wire brief sits within Fusion42's coverage of Fintech, and 13 sources have reported it between 19 Jul 2026 and 22 Aug 2026.

◆ ◆ The Wire takeaway

You cannot rely on free UPI payments indefinitely. If your fintech or payments business depends on UPI, prepare for new merchant fee rules that will reshape your revenue and pricing models.

◆ Coverage

13 sources · first reported 19 Jul 2026 · latest 22 Aug 2026

◆ Related on Wire

◆ Topics

Fintechupimdrdigital-paymentsregulationfintechindia