Wire · regulatory
'It will continue to be free': Government says no charges on UPI for consumers
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Fusion42 · 28 August 2026 · Fusion42 review
The Indian government confirmed that consumers will not be charged for UPI transactions, keeping person-to-person payments free, while introducing a nominal merchant discount rate for certain merchant transactions above a threshold, aiming to keep the system sustainable and competitive.
This Wire brief sits within Fusion42's coverage of Fintech, and 6 sources have reported it between 8 Aug 2026 and 9 Aug 2026.
◆ ◆ The Wire takeaway
You have a clearer market to build consumer payments on UPI without transaction fees, but merchants face new costs above a threshold that could redirect some volume or pricing. Adjust your merchant customer strategy around these new thresholds and the continued free access for consumers.
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6 sources · first reported 8 Aug 2026 · latest 9 Aug 2026
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