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Wire · operational-macro

No question of rollback of 0.4% MDR charges on UPI transactions over Rs 2,000: Top Govt official

17 September 2026 · By · Wire by Fusion42

Published

17 September 2026

Topic

operational-macro

◆ Sectors

Fintech

◆ Geography

India

◆ Source

Read at psuwatch.com →

◆ Verified

Fusion42 · 18 September 2026 · Fusion42 review

The Indian government has confirmed no rollback on the planned 0.4% Merchant Discount Rate (MDR) charges on UPI transactions over Rs 2,000 effective from October 15, aiming to make the UPI system financially sustainable while maintaining free transactions for individuals.

This Wire brief sits within Fusion42's coverage of Fintech, and 45 sources have reported it between 19 Jul 2026 and 5 Oct 2026.

◆ ◆ The Wire takeaway

You face a new revenue model in India’s payments market as UPI fees hit transactions above Rs 2,000. Fintech founders should prepare for rising merchant costs and reposition offerings for this emerging pay-to-play environment.

◆ Coverage

45 sources · first reported 19 Jul 2026 · latest 5 Oct 2026

◆ Related on Wire

◆ Topics

Fintechupimdr-chargesfintech-regulationdigital-paymentsindia