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Wire · regulatory

Parliament clears taxation bill, Sitharaman says UPI transactions to remain free for consumers

10 August 2026 · By · Wire by Fusion42

Published

10 August 2026

Topic

regulatory

◆ Sectors

Fintech

◆ Geography

India

◆ Source

Read at deccanherald.com →

◆ Verified

Fusion42 · 25 August 2026 · Fusion42 review

India's Parliament passed the Taxation and other Laws (Amendment) Bill, with the Finance Minister assuring that no tax or transaction fee will be imposed on UPI digital payments, keeping the service free for consumers.

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

◆ ◆ The Wire takeaway

The government’s confirmation of no charges on UPI reassures digital payment providers that consumer adoption barriers remain low. You can expand customer acquisition plans without fearing additional transaction costs will slow growth.

◆ Coverage

1 source · 10 Aug 2026

◆ Related on Wire

◆ Topics

Fintechupitaxationdigital-paymentsindiafinance-ministry