Wire · operational-macro
India Ends Free Ride for Larger Transactions on Its Ubiquitous Digital Payments Network
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Fusion42 · 15 September 2026 · Fusion42 review
India's central bank has ended zero interchange on its popular UPI digital payment network for larger transactions, now charging fees on transactions above a threshold to increase system sustainability and generate revenue.
This Wire brief sits within Fusion42's coverage of Fintech, and 19 sources have reported it between 7 Aug 2026 and 15 Sep 2026.
◆ ◆ The Wire takeaway
Your payment startup in India now faces new costs on big UPI transfers that were free before. Time to adjust pricing models or push for customer segments that still benefit from zero fees.
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19 sources · first reported 7 Aug 2026 · latest 15 Sep 2026
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