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Wire · operational-macro

Banks' panel to soon decide on merchant charges for UPI transactions above Rs 2000

15 September 2026 · By · Wire by Fusion42

Published

15 September 2026

Topic

operational-macro

◆ Sectors

Fintech

◆ Geography

India

◆ Source

Read at telegraphindia.com →

◆ Verified

Fusion42 · 15 September 2026 · Fusion42 review

A regulator-led panel comprising banks and payment providers in India will soon determine merchant discount rates for UPI transactions above Rs 2,000, aiming for system self-sustainability and market growth. Current rules keep UPI and RuPay card transactions free for payments up to Rs 2,000, but charges on higher-value transactions remain undecided.

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

◆ ◆ The Wire takeaway

You face new costs as India moves to charge merchants for larger UPI payments. Revisit your pricing and merchant onboarding strategy this week to prepare for potential fee changes.

◆ Coverage

1 source · 15 Sep 2026

◆ Related on Wire

◆ Topics

Fintechupimerchant-discount-ratepayments-regulationindiadigital-payments