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Wire · operational-macro

UPI MDR row: CAIT-led delegation meets Finance Minister Sitharaman, protest withdrawn

30 September 2026 · By · Wire by Fusion42

Published

30 September 2026

Topic

operational-macro

◆ Sectors

Fintech

◆ Geography

India

◆ Source

Read at aninews.in →

◆ Verified

Fusion42 · 30 September 2026 · Fusion42 review

A delegation led by CAIT met Finance Minister Sitharaman to discuss concerns over the proposed 0.40% Merchant Discount Rate on UPI transactions above Rs 2,000. Following constructive talks and assurances from the Finance Minister, trade groups withdrew their planned 'No UPI Day' protest.

This Wire brief sits within Fusion42's coverage of Fintech.

◆ ◆ The Wire takeaway

Your digital payments startup just got a breather as government dialogue paused fee hikes on UPI transactions. Use this time to align with trade bodies and shape MDR policies in your favour.

◆ Coverage

1 source · 30 Sep 2026

◆ Related on Wire

◆ Topics

FintechUPIdigital-paymentsMDRtrade-policyMSME-protection