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Wire · operational-macro

75% traders may avoid UPI levy; 'No UPI Day' on Oct 2; banks to stay open on Sunday & more

25 September 2026 · By · Wire by Fusion42

Published

25 September 2026

Topic

operational-macro

◆ Sectors

Fintech

◆ Geography

India

◆ Source

Read at business-standard.com →

◆ Verified

Fusion42 · 25 September 2026 · Fusion42 review

Around 75% of India's digital payment-accepting merchants have never recorded a transaction above ₹2,000 and may avoid the new UPI levy. Additionally, a 'No UPI Day' is planned for October 2, and banks will remain open on Sunday.

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

◆ ◆ The Wire takeaway

The UPI levy rules will push most small merchants off UPI for large transactions, limiting your reach if your product relies on frequent high-value UPI payments. Prepare alternative payment routes or offer incentives before October 2 to maintain user activity.

◆ Coverage

1 source · 25 Sep 2026

◆ Related on Wire

◆ Topics

Fintechupidigital-paymentslevyindiamerchant-impact