Wire · regulatory
SC refuses to pause UPI charges above Rs 2,000; issues notice to govt, RBI
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Fusion42 · 29 September 2026 · Fusion42 review
The Supreme Court of India refused to pause the Centre's implementation of a merchant discount rate (MDR) on UPI transactions above Rs 2,000 starting October 15, while issuing notices to the government, RBI, and NPCI to respond on the legal and technical basis of this move within four weeks.
This Wire brief sits within Fusion42's coverage of Fintech, and 27 sources have reported it between 15 Sep 2026 and 5 Oct 2026.
◆ ◆ The Wire takeaway
New fees on higher-value UPI merchant transactions push Indian payment startups to rethink pricing before October 15. You need to prepare for ongoing legal scrutiny that could alter merchant cost models swiftly.
◆ Coverage
27 sources · first reported 15 Sep 2026 · latest 5 Oct 2026
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