Wire · operational-macro
Supreme Court refuses to stay charges on UPI payments above Rs 2000 , questions legal ...
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Fusion42 · 30 September 2026 · Fusion42 review
India's Supreme Court refused to stay the Merchant Discount Rate (MDR) charges on UPI transactions above Rs 2,000 while questioning the legal basis for these charges. The MDR applies only to certain person-to-merchant payments over Rs 2,000, with charges capped at 0.4% or Rs 300, and UPI payments up to Rs 2,000 remain free.
This Wire brief sits within Fusion42's coverage of Fintech, and 45 sources have reported it between 19 Jul 2026 and 5 Oct 2026.
◆ ◆ The Wire takeaway
You face tighter regulatory scrutiny on UPI charges for transactions above Rs 2,000, which can affect your fee models in merchant payments. This ruling opens the door to reconsider your pricing to remain compliant while targeting the majority of transactions that remain free.
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45 sources · first reported 19 Jul 2026 · latest 5 Oct 2026
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