Wire · regulatory
SC to hear plea against MDR on UPI payments above Rs 2,000
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Fusion42 · 27 September 2026 · Fusion42 review
The Supreme Court of India will hear a plea challenging the government's imposition of a Merchant Discount Rate (MDR) on UPI transactions above Rs 2,000, a move that ends six years of free UPI payments. The MDR charges are set to impact merchants with different rates and caps, raising concerns over statutory safeguards, transparency, and potential financial burdens on small merchants.
This Wire brief sits within Fusion42's coverage of Fintech, and 44 sources have reported it between 19 Jul 2026 and 7 Oct 2026.
◆ ◆ The Wire takeaway
You face new costs from UPI transactions over Rs 2,000 that could shift customer behaviour and merchant margins. This change demands an urgent review of your pricing and merchant payment flows to stay competitive and regulatory compliant.
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44 sources · first reported 19 Jul 2026 · latest 7 Oct 2026
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