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Wire · operational-macro

A genuine gap in the new UPI dispensation

Published

16 October 2026

Topic

operational-macro

◆ Sectors

Fintech

◆ Geography

India

◆ Source

Read at pressreader.com →

◆ Verified

Fusion42 · 17 October 2026 · Fusion42 review

India's Unified Payments Interface (UPI) will introduce a Merchant Discount Rate (MDR) charging merchants 0.4% on transactions above ₹2,000 and a flat ₹5 fee for protected payments after Diwali, ending free usage for all.

This Wire brief sits within Fusion42's coverage of Fintech, and 45 sources have reported it between 19 Jul 2026 and 15 Oct 2026.

◆ ◆ The Wire takeaway

You will face higher costs accepting UPI payments above ₹2,000 due to new fees. Adjust your pricing or payment options now to avoid margin pressure.

◆ Coverage

45 sources · first reported 19 Jul 2026 · latest 15 Oct 2026

◆ Related on Wire

◆ Topics

Fintechupimerchant-discount-ratepayment-feesdigital-paymentsindia