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Wire · regulatory

Govt takes first step to levy MDR on UPI; bill proposes to repeal earlier amendment of Zero MDR

3 August 2026 · By · Wire by Fusion42

Published

3 August 2026

Topic

regulatory

◆ Sectors

Fintech

◆ Geography

India

◆ Source

Read at moneycontrol.com →

◆ Verified

Fusion42 · 3 August 2026 · Fusion42 review

The Indian government has taken the initial step to impose Merchant Discount Rate (MDR) charges on Unified Payments Interface (UPI) transactions, proposing a bill to repeal the earlier amendment which established zero MDR.

This Wire brief sits within Fusion42's coverage of Fintech, and 12 sources have reported it between 19 Jul 2026 and 12 Aug 2026.

◆ ◆ The Wire takeaway

This move ends free UPI transactions and shifts cost back to payment firms. You must factor new MDR charges into your pricing and customer acquisition plans this quarter.

◆ Coverage

12 sources · first reported 19 Jul 2026 · latest 12 Aug 2026

◆ Related on Wire

◆ Topics

Fintechupimdrfintech-regulationpaymentsindia