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"Compromised PM Modi again surrendering to American pressure": Rahul Gandhi on ...
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Fusion42 · 15 September 2026 · Fusion42 review
The Indian government is reportedly moving to impose a Merchant Discount Rate fee on UPI transactions above Rs 2,000, effectively ending the zero-MDR policy on high-value digital payments. Opposition leaders allege this move is due to pressure from American payment companies and will lead to higher retail prices borne by consumers.
This Wire brief sits within Fusion42's coverage of Fintech, and 42 sources have reported it between 19 Jul 2026 and 15 Sep 2026.
◆ ◆ The Wire takeaway
You face a new cost layer on high-value UPI transactions as the zero-fee policy ends above Rs 2,000. Fintech founders processing payments must prepare for fee-driven pricing shifts that could dampen merchant adoption or shift costs to customers.
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42 sources · first reported 19 Jul 2026 · latest 15 Sep 2026
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