Wire · operational-macro
UPI Will Charge Merchants A 0.4% Fee On Big Payments From October 15
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Fusion42 · 19 September 2026 · Fusion42 review
India's UPI will start charging merchants a 0.4% fee on payments above ₹2,000 from October 15, ending six years of zero-fee merchant transactions to improve the network's financial sustainability.
This Wire brief sits within Fusion42's coverage of Fintech, and 13 sources have reported it between 16 Sep 2026 and 29 Sep 2026.
◆ ◆ The Wire takeaway
Your Indian payments app now faces a new merchant fee that forces a rethink of pricing and partnerships with retailers. This opens opportunities to capture merchant loyalty as users shift payment apps based on fee terms.
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13 sources · first reported 16 Sep 2026 · latest 29 Sep 2026
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