Wire · operational-macro
UPI Is Still Free. But Could You Pay More Tomorrow? We Explain
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Fusion42 · 29 August 2026 · Fusion42 review
The Indian Lok Sabha has passed a Bill amending the Payment and Settlement Systems Act, 2007 to allow banks and payment service providers to charge fees on UPI and other electronic payments, removing the prior prohibition on Merchant Discount Rate charges.
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
Digital payment founders in India now face a new cost dynamic as the government lets banks charge for UPI transactions. You can prepare to reposition your pricing or partnerships ahead of rising transaction fees.
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17 sources · first reported 4 Aug 2026 · latest 17 Aug 2026
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